A Mixed Bag of a Market
My gosh, it's been yet another day of sideways action. I'm hearing all sorts of commentary from the bulls on why this is good, but the only one I haven't heard yet is, "Never short a dull market." Oh, wait -- maybe that harkens back to the days when specialists were actually on the floor of the NYSE. Do you think computers care about dull markets!
As for the bears, one their argument regards the CBOE Volatility Index (VIX), which seems to sink on a daily basis. Heck, even when the S&P 500 was down 7 points Monday, the VIX never went green. I am not someone you would ask about the inner workings of this indicator; all I know is that, when it gets jumpy, it tends to mean the market is at or near a low. Otherwise, to me it seems to be a whole lot of sound and fury, signifying nothing....360 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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