Random Thoughts To Start The Morning

• Often options expiration helps a move persist when the market is overbought. The bears might have to deal with some sideways, choppy action before getting their honey after expiration.


• With the VIX approaching 15, even the bulls should think about buying some cheap insurance.


• I have mentioned how poor hedge funds as a group have been performing recently. Wouldn't it be ironic if they went risk on and then at some point the rug is pulled out due to a slowing economy?


• After the employment report we are right back to where we started the week.


• Do these massive moves have people trading  on tilt?