Global 1 Capital Markets: Market Update.

Goldman Sachs (GS):

We entered a 50,000 share position at $176.77 on the the open. We feel GS is a long term bull and we will add to our position on dips. We will hold for a short term trading profit.

We entered a short position on CFC on the open at $21.66 for 100,000 shares we will hold the position for a short term trading profit.


Because the market has stabilized after the Fed cut the discount rate, the volatility has decreased considerably. The Vix index has traded down in the 25 range from a high of 40 last week reducing the trading range of the market.

We are developing an option strategy to take advantage of the volatility levels. We feel volatility is under priced in the options models and we feel we can develop a trading strategy to take advantage of the under pricing.