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?
1 Dow Jones Anal Intruder
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