Cobra's Market View

The VIX is ready to rock

Will it be 'Buy the rumor, sell the news' or will be to the sky after announcement today?

The world as we 'knew' it;

Lebowitz said in a note on Tuesday, the S&P 500's P/S ratio is "now 2.50 standard deviations from the median" and roughly equal to the level just before the bear markets of 2000 to 2002 and 2007 to 2008. http://static2.businessinsider.com/image/577bfcac4321f102278b5d79-1237/screen%20sh...

Out of my puts

I personally hope we continue down, I sold my puts early Friday after the open but, I reloaded them later.
I hope it retraces to the 50 or 61.8%.

Fehro, I think we made a good decision in holding the puts and you going long gold..

I think I am going to hold a few SPY puts overnight.

Any others holding overnight, if so, what?

GOLDMAN: Hedge funds are betting billions that these 16 stocks are going to implode 16. Ford Ticker: F Value of short interest (in billions): $2.1 Short interest of % of float: 4% Return year-to-date: -1% Source: Goldman Sachs 15. Walmart Ticker: WMT Value of short interest (in billions): $2.2 Short...

It appears to be another 'Key Reversal Day', this time with better volume.

The April puts I bought on the 3rd are looking good today

Damn ECB

If, and a big IF, this is wave 3 (bear) down, it will take to to around 168.53 spy.
Of course there will be ups & downs.

This is why I bought April puts. Time will tell.

I'm happy with my spy puts

China just posted more shocking trade data @9 pm 3-7-16 Chinese trade data produced another horror show in February with steep declines registered in both imports and exports for the month. From a year earlier exports fell by 25.4%, more than doubling expectations for a decline of 12.5%. Not only wa...

A $10 billion hedge fund is bracing for a 2008-type event Perry Capital, a $10 billion New York-based multi-strategy hedge fund led by Goldman Sachs alum Richard Perry, is preparing for another credit event like 2008. Perry Capital bought $1 billion worth of credit-default swaps (CDS) on about 10 in...

Well, All of my April puts just stuck their heads out of the water.

I think, we are either in or about to begin Wave 3 down (BEAR)

I think it's about time to go down, I put my money where my mouth is.
I just bought 50 each;
April 15 190 puts
&
April 15 185 puts

I'm either right or out a bunch of money.

Moody’s Cuts Credit Outlook on Chinese SOEs, Financial Firms Moody’s Investors Service cut its credit-rating outlook on China’s largest phone company and its biggest banks after doing the same to the country’s government. The credit assessor reduced the outlook on 38 state-owned enterprises includin...