Sunday, February 12, 2006

History repeating

The word is about, there's something evolving,
whatever may come, the world keeps revolving
They say the next big thing is here,
that the revolution's near,
but to me it seems quite clear
that it's all just a little bit of history repeating

The newspapers shout a new style is growing,
but it don't know if it's coming or going,
there is fashion, there is fad
some is good, some is bad
and the joke is rather sad,
that its all just a little bit of history repeating

.. and I've seen it before
.. and I'll see it again
.. yes I've seen it before
.. just little bits of history repeating




The volatility-adjusted levels of the $OEX and $NDX are at levels not seen since 2000. A sign of hubris and complacency? Time to short $NDX and go long volatility? When is that volatility ETF coming out?

 

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