Sunday, March 16, 2008

VIX - Highest Close in 5 Years

Needless to say, "There is some fear out there." With the VIX closing at a 5 year the market has seen this kind of volatility since the tail end of the dot-com burst.

Bear Stearns gone? That's not going to be good for business.

A short term miracle will need to appear in the next few hours to save the market from a capitulation Monday morning... (Posting at 11:03pm PT Sunday Night)

Look for a VIX of 35-37.5 if the selling gets ugly on Monday.

Stay Safe.

VIX 5 Year Chart:

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1 comment:

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March 17, 2008 at 3:17 PM

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