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...
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Change
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