$VIX spike

The $VIX is currently at levels it hasn't seen since 2002.

In the past two years, there have been 6 "spikes" in the VIX... corresponding directly with temporary market bottoms.

Spike #7 is happening now (today and should continue tomorrow). Despite talk of the sky falling, the markets will live to see another day. If you've got the stomach, this is a great time to buy virtually anything and everything, for the SHORT TERM. A name like RIMM, which has recently been taken out to the woodshed, or AAPL, or CME, or GOOG, etc. You get the idea.

Buy some stock, and sell some upside calls as the premiums are really high right now. Or just buy some calls with at least 2-3 months time value.





These truly are historic times. Enjoy the ride.

Rate cut?

The market is begging for one, with the S&P500 down close to 5% today, and the VIX spiking above the 30 handle.

Look for some "surprise" news tomorrow or in the coming days, sparking a rally that will take us to the election and some.

This credit mess is far from over, but for the short term, its time to buy calls...

Ike

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