Wednesday, January 16, 2008

Virtual Office, $7324, Dow, -34.95, 12,466.16.

Misstrade, $5368 on 8800 shares traded.
Evolution, $1287 on 30,000 shares traded.
Me, $1267 on 19,400 shares traded.
OBAT, $607 on 12,400 shares traded.
Denarii, $198 on 1800 shares traded.
Wincity, no trades.
Retardo, no trades.
Akalawoo, no trades.
Dehtrader, -$1403 on 430 shares traded.

What a crazy day. I mean, this market reminds me almost exactly of the market we were trading in August.

In the morning, even though the indexes weren't showing it, stocks were acting like crack addicts. Check out the fertilizers, the coals, the metals... heck, even the utility stocks were volatile.

Volume was great, as we traded over 2 billion shares on the NYSE. The VIX rose, although, once again, not as much as I'd expect. It's currently up .77 on the day at 24.11.

Anyway, like I said yesterday, once volatility on this scale enters the market, it doesn't just leave. In August, we got the rate cuts and then everyone went on their summer vacations and September was pretty lame. Here, in January, we'll get the rate cuts, but I think people will be sticking around.

Should be a fun winter. A trader can hope, right?

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