We got back a lot of the Thursday/Friday debacle…which relieved a lot of downward pressure. But will it hold? The European economies are still looking fugly. Is the U.S. far behind?
Monday followed the tradition of being an up day. Will “Turnaround Tuesday” follow thru to the downside? Futures are much calmer this evening than they were yesterday and playing around the breakeven area….but Asia looks like it wants to play.
VIX came down 30% today but still elevated from just a week ago. New Record for One Day Fall in the VIX.
And one more look at what happened last week: The Real Story Behind Last Week’s Stock-Market Panic.
Sometimes, entranced by the screens, watching equities, options and futures change colors, charts moving in a wave, and indicators pointing in every direction, I just have to scream....
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