Another big day in the markets. As you all know today was day 3 of "maybe" the beginning of a real bear market rally. How long will it last ? who knows but I will take anything at this point. Citi making money, GM giving a couple billion back ? what the hell is going on here ? I thought Armegeddon was coming ?
Recap , DOW up 239, NAZ up 54. TSX up 271 and Venture up 19. Oil up huge hitting $47 almost a 10% pop with gold up $19 to $928 on the Comex.
The indicator I look for is the VIX and it is at a several week low hitting 41 and if we break below 40 tomorrow watch for the bear rally to continue as some of the $4 trillion on the sidelines hits the asks and squeezes the shorts.
Caution must rule though as we never know when a bomb comes out of left field.
No comments:
Post a Comment