One Choppy Market
Did everyone enjoy the round trip? That is exactly what the market has done since Thursday -- and yet the CBOE Volatility Index (VIX) has not budged.
I have been asked to offer an explanation for this. I cannot do so, since my experience says the VIX should rise on down days. Many have said this is bullish, while many others say bearish. I say there was not much volatility, since the market opened down and then spent the day milling around. Perhaps it's the upcoming December options expiration this week that's responsible? For my part, all I know is that a jumpy VIX tends to be associated with decent lows in the market. Otherwise this sort of market action tends to mean very little in the big picture....327 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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