A diary of the thought process behind my investment decisions
I remember a wild expiration day in January 2007 when GE missed earnings for the first time in more than a decade. The S&P 500 was down a few percent, which at that time was a move that wasn't seen in years. No doubt exacerbated by expiration. Today we have a similar setup with IBM, GE and BAC disappointing. Expiration can exacerbate moves or dampen them. That's why they call it the expiration wild card. What will happen today?