Thursday, November 17, 2011
We’re getting nothing for XMAS
As I have mentioned previously in my earlier notes, bear markets typically finds “The” low with a lower VIX print. Considering the market has traded on a similar arc as the 2008/2009 bear – albeit swifter and shallower – you can use the VIX map from that time period as a loose guide for estimating when volatility and price might exhaust themselves.
For those expecting Santa to arrive early this year, I can’t help but think of this familiar song.
at 10:03 AM