THE DOT - if this turns orange or red be alert

Friday, May 7, 2010

VIX update

Guess we caught that one pretty good as well and its obviously just the beginning of a major move but still at some point next week we will pull back down towards 30-32. Before rising to the 50 levels the weeks thereafter. After the weekend markets will get a bit smoother again while people are still unnerved today and very nervous as they saw the invincible US market traded like a banana republic exchange yesterday took away lot of confidence. Better the SEC comes up with some good explanations what happened.

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