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Forum: FIRE and Money 01-17-2008, 06:10 PM
Replies: 42
Views: 4,090
Posted By twaddle
The bet will cost you $1.21. That's the price...

The bet will cost you $1.21. That's the price of June-140 DIA calls. Anybody can place whatever bets they like. :)
Forum: FIRE and Money 01-17-2008, 03:11 PM
Replies: 42
Views: 4,090
Posted By twaddle
Yes, the market obviously thinks so. ;)

Yes, the market obviously thinks so. ;)
Forum: FIRE and Money 01-17-2008, 02:02 PM
Replies: 42
Views: 4,090
Posted By twaddle
Interesting, the S&P 500 has already blown past...

Interesting, the S&P 500 has already blown past the March lows, but I didn't realize that the Dow was still hanging tough. You can probably thank MO for that. :)
Forum: FIRE and Money 01-17-2008, 01:47 PM
Replies: 42
Views: 4,090
Posted By twaddle
I would buy the entire economy if it went to...

I would buy the entire economy if it went to zero. :)
Forum: FIRE and Money 01-17-2008, 01:04 PM
Replies: 42
Views: 4,090
Posted By twaddle
Well, I was just giving an average. I suppose...

Well, I was just giving an average. I suppose if we really wanted to talk about how low it could go, I could give you my spiel about how Dec 2007 will be considered the start of our 20-year-long...
Forum: FIRE and Money 01-17-2008, 12:26 PM
Replies: 42
Views: 4,090
Posted By twaddle
I think the average peak-to-trough during a...

I think the average peak-to-trough during a recession is about 28%, which would be just a hair above DOW 10,000. Not a prediction, of course. Just the level of volatility you should expect from...
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