Tuesday, May 23, 2006

Rally Snapped Back!

Snapback rally? Suckers!

 
  • So many folks were expecting the "snapback" rally that'd last for a few days and give them a chance to sell their longs and go short.  Didn't work out that way today.  Today was just bizarre.  It had all the looks of a sharp rally, but then went down hard during the waning minutes of the trading day. 
  • The 10-day put-call is at some bizarre level.  I expect articles coming out to say "the put-call doesn't matter anymore."  (That's when it will.)  Indicators aren't ever gospel, IMHO.  Just something to note the current condition and relate it to how things looked historically.  Never means that it'll happen again the same way twice.
  • Back from Vegas.  Tried to blog yesterday but my Treo kept crashing.  It'd reset on me as I was typing.  So, that got too frustrating using the thumb board.  I had bad luck at the casinos.  Lost the Cavs +8 in game 7.  But got the Dodgers on the run line versus the Angels' Santana.  Santana is on my fantasy squad bench.  He gives up lots of early runs, and sunday was no exception!
  • 24 wrapped up last night...  Interesting cliffhanger.  As <a href="Adam's Daily Options Report says, ...how in the world is Chloe going to get Jack off that slow boat to...um....China? I've suspended belief on how CTU can get anywhere in the LA area within a 10-15 minute drive.  I've suspended belief on how folks (like the Chinese, terrorists, CTU agents, whoever) can sneak into a highly-guarded perimeter area with ease.  So, I suppose however Jack gets out of this mess, I'll just go along for the ride.
  • I need another day off to recover from my day off.
  • Talked it up at the dentist office this morning with some of the office folk.  Topic?  American Idol?  Consensus is that Taylor Hicks should win over Katharine McPhee.  Sounds like those who want McPheever to win, better hope Diebold is keeping tabs of the votes tonight!

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