[dan-o]

My health insurance for a family of four is $1208/mo.
This is for a good but not top shelf policy through Harvard Pilgrim.
I'm self employed and this is a discounted rate through a trade association.

 

[dante]

Market gained 600 points in the last hour of trading to close at +400 for the day.


Jeez...

 

[DaveW]

Bargain hunters like me I'd guess.

 

[Pesqueeb]

 

[jimmydean]

I pay ~$200/month out of pocket for my wife and myself. I'm pretty sure it's impossible to find insurance "on the outside" for that amount aside from the catastrophic-coverage-only plans.

My last contract, I was paying $1242 a month for family coverage. I am now paying $780, but my co-pays went from $20 to $50 and my deductible is double.

A stark contrast from the coverage I had in 2000. Not a dime out of pocket, a company funded flex account ($100 a month) and the best PPO coverage I've had.

 

[SkaredShtles]

It's UP! It's DOWN! The SKY IS FALLING!

 

[dante]

Bargain hunters like me I'd guess.

I played 'catch the falling knife' in 2008. Ended up on the positive (bought continuously as it went down, so made a pretty profit in the end) but I think I'll sit this one out for a little bit. What's in stock stays in stock, what's in cash stays in cash...

 

[ridiculous]

This isn't fun anymore. 2011 is really shaping up to be a lot like 1931.

 

[$tinkle]

^^^^ whatchewtalkingboutwillis? the money's on the action, player

 

[Pesqueeb]

Christ, the Koreans are shooting at each other again. Four front war bitchez!
http://www.bloomberg.com/news/2011-08-10/south-korea-fires-artillery-off-yeonpyeong-after-hearing-shells-from-north.html

 

[ridiculous]

^^^^ whatchewtalkingboutwillis? the money's on the action, player

I took profits 3 weeks ago on all of my long term position. I also bought a small short position on the most recent leg down and sold it way early after the touch of 1257 on the /ES on Aug 3rd. Since then I have been relatively flat, Ive been wanting to get back in but letting my emotions get in the way. I was anticipating a sell off today following yesterdays price action but not to the magnitude we are seeing. I still would like to see a rally back to the 1260ish neckline and and then begin further deterioration from there beginning in September, at which point I will short the farm.

As for the 1931 reference, take a look at the 1929 crash and the 3 years after. The 1931 legs down followed a +65% market retracement due to global bank defaults (mainly European banks). Who says history doesn't repeat itself? One could also argue that things are shaping up to look at a lot like Jan/Feb 2008.

But what do I know? ...I'm just a retail trader...and long volatility.

 

[$tinkle]

so no easy "bull put spread", eh?

 

[ridiculous]

so no easy "bull put spread", eh?

Not a bad idea. Hell, an August 115/114 SPY put spread sells for 35 cents right now with 9 days to go.