Monday, August 25, 2008

Hamptons Volatility?

That's Kelly Ripa posing in Hamptons Magazine, you haven't made it until you made the cover. I'm on the waiting list.

Oh the days of lounging on the beach in the Hamptons. I rented a home in the summer for years there back in the day. I was West Hamapton, I guess considered white trash by the the East Hampton faithful of today. Lizzie Grubman would look at me today with an "as if" look and walk away. I'm tired of the Hamptons excuse for volatility, although it is in fact probably part of the dynamic. The media just loves to say the Hamptons, as if Martha's Vineyard or "The Cape" was so last decade.

Funny how when the market soared on Friday, I didn't here as much about the light volume. I heard some, but not a ton of rhetoric by the pundits. I guess everbody is just hanging in the Hamptons.Look, it's summer and it's slow, and market moves are magnified, just hit the offer with 2000 shares of anything and you look like a multi-billion dollar hedge fund taking a size position. It cuts both ways, and it will this week, so be ready


Adam said...

so I'm waiting to get blood taken once and they have Regis and Kelly on in the waiting room. That's 5 minutes I'll never get back, do people really watch that? She truly is way better in pics.

And as to that "Hamptons volatility" thing, it's total nonsense. I would bet anything we're less volatile on low volume days.

upsidetrader said...

lmao-she could take my blood in a black cocktail dress though-and as far as volatility, no one knows better than you

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I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.