penny's - dusting off the banjo - monday, page-99

I always wonder what goes through peoples minds when they are trading. I was recently up for a big bill, then I was recently down for a big bill, but like most times the xjo is in or around ~250 of the previous months close, (excluding 2008).

Long term view - up. Reason: US positive with improvement to come. Europe sluggish but changes to create solidarity. Asia to slow down a little (in line with normally good growth). So depending on your horizon, in the long term I think there is a lot more upside to come.

For anyone interested I am a seller of options on XJO...