sort of a circular argument though...the large swings will cause the high VIX! like I mentioned yesterday, we've come down to the 8/24 lows on relatively tame volatility readings (especially in IWM), it even broke the 8/24 lows...and the action down is very, very different than the last several years (i.e. the downside swings had sticky prices), not that stuff where you have 5 minutes to cover before it launches to new swing highs.
yea looks toppy on the ES and TF almost loks like the "buy on the dippers" are still conditioned to wait patiently for a Fed jawbone or a Fed threat or really any leadership on the bullish side and its just not there. In 2009 they had much much more sway
LABD nearing $63....going to sell very soon! IN at $55.50, wish I went in with more shares, but oh well...
yea thats what I am thinking...if that was all they had and it rolls over that quckly then it will get ugly again to the downside pretty quick
Yes, and the Fed ensures that somebody is always speaking...of course, they've always got one of their members contradicting the other, always trying to be coy while maintaining that they want to be as "transparent" as possible...