VIX : Fear :: DJIA : The Market
A shocking anecdote via Jason Goepfert at SentimenTrader: We’re doubtless seeing a lot of indications of apathy and pessimism at the moment, but what we have not seen is panic. Maybe that’s due to “everyone” looking for the same kinds of signs of capitulation. I had a subscriber email me an anecdote yesterday about a meal he had on Tuesday. His waiter told him not to trust the rally because the VIX hasn’t hit 30 yet. That wasn’t the waiter’s brilliant…
Thursday, July 10, 2008
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