S2007S, go look up some historical charts. Did 1974, 1980, 1982, 1990 always need a 15% down week to bottom out? Did the markets always need a $VIX > 40? I am not sure where this "capitulation is needed for a bottom" myth is coming from.
vix spiked to 35.60, why does XOM options prices have anything to do with this?a xlf vix would be up HUGE, this tells more than price. fed just opened the printing press to everybody and will keep opening, this thing might sell more off in the future but the easy money has been made for now, short at your own peril
im not saying we need to drop 15% in a single week, but what we do need is a federal reserve stepping aside and letting things TAKE PLACE ON THEIR OWN.....thats what we need, I MEAN every single time the markets are looking to sell off they STEP RIGHT IN....enough is enough. Let the markets correct on their own....
see you even said it yourself, just opened the printing press, meaning it doesnt matter what happens, they are always there to print more money and prop the markets back up, its sad, that is why this economy is in trouble.....this isnt a free market....
You obviously lack a historical perspective. The FED is doing it's job as a provider of liquidity for the U.S. Banking system. Why this is a huge SURPRISE to you is absolutely beyond me. It's in their mandate. Duh.
Landis, i think what has some confused is there seems to be some doubt amongst wall steet investors as to just how much the feds liquidity injections are going to help with this crsis. still,you cannot ignore the price action.