a little good news for financial markets

[sdholloway56]

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=vix&insttype=&freq=&show=

After more than a year the "fear index" blew out the downtrend line on a measly 2% pullback.

Disclaimer- future results are not guaranteed.

This is potentially, but by no means certainly, an unprecedented set of circumstances.

[sdholloway56]

VIX pulling back to retest the breakout level- purely from a chart point of view you'd expect more up in coming days.

But I am not playing in this game- Da Fed will no doubt make promises of Cash 2 Infinity.

[sw363535]

Yep..... It was such a free fall that I nearly lost my breath.... that 50% of retracement to cave man days sure corrected quick.....

I don't think it is an indication of a good economy - in terms of an old style industrial economy ---but the strength of the stock market is confirmed...  pretty solid.   Donald seems to have a good understanding of it.  🙂