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Poster: canspo
Subject: RE: Dow to close 2011 at 13,000 or above
Body:

I predict the Dow will end the year below 11,400. I have a December put on the SPX that requires about a 10% decline to be in the money, so I am hoping you are wrong. I sold a lower strike price contract on the last big down day, so I'm guaranteed to break even, but I still like the insurance policy as I'm more concerned about Europe or banking dragging the market down from current levels.
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