Discontent
Friday, June 27, 2008 at 10:27PM in broker bill "You okay, captain?"
"Jesus, Mell. Brutal week."
"Where's the VIX?"
"Came in today."
(silence)
"No bottom yet, I guess. I don't know, Mell. This is a tough market."
"Well, if the Fed can't figure out what the fuck they're gonna do, I'm not surprised the market's tanking. They should just make up their fucking mind and stop playing games."
"You still like the dollar here, Mell? Looks like it's trying to get back to 1.60 against the euro."
"Fuck it, captain. I give up. I'd get long the December Fed futures. Still pricing in at least one hike."
"Tough market."
"You know, captain, Senator Aiken once said we should declare victory and leave Vietnam. Maybe we can just declare capitulation and get a bottom in the market. Who gives a shit what the VIX is saying."
"I gotta go on vacation, Mell."
"Sell in May and go away."
"It's gonna be a nasty summer, Mell."
"Care to bet on oil?"
"Over under?"
"170."
"I'll take the over, Mell."
"By year end? Me too, captain."