Drums Still STILL Rolling....

GDP beat my expectations as it remains stagnant at 4.9%, testimony of the strength of this economy. On the soft side, jobless claims are up once again and PCE deflator was up too. But does all these matter? Apparently not today. The Dow remained sideways today with declining volume as investors wait for the market to decide whether it wants to go up or down. Total equity put call ratio DIVED today (see daily put call ratio )as traders rushed for call options as a risk limited mean of not missing out should the market stage a rally. All in all, it is a volatile market waiting to explode one way or another and with the triple witching tomorrow, you can expect even more volatility.