Open Thread: S&P500 = 1250 < Dec 31 ?

November 28, 2011 8:30pm by Barry Ritholtz

My head trader needs to be placed under some form of sedation.

Every 3% move in the markets — and admittedly, there have been lots of them — causes him to bounce off of the walls like volatility powers his personal DJAI¹ (a personal Bloomberg terminal accessory that is only available on trading desks).

Last week, he was expecting Armageddon; this week, he thinks we melt up into year end. He is Mr. Coincidental Sentiment, and I have long since learned to contextualize his madness.

He offered me $100 bet that the SPX would hit 1250 before December 31 2011.

Would you take the bet?

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¹ Dow Jones Anal Intruder

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