cancel
Showing results for 
Search instead for 
Did you mean: 
Veteran Advisor

a little good news for financial markets

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.

0 Kudos
2 Replies
Veteran Advisor

Re: a little good news for financial markets

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.

 

0 Kudos
Honored Advisor

Re: a little good news for financial markets

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.  Smiley Happy

0 Kudos