One of our members submitted to us this chart of the volatility index (VIX). Again, good work Steve.

This entry was posted on Friday, May 16th, 2008 at 9:34 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
May 16th, 2008 at 10:02 am
The latest pitch by the intoxicated bulls is that over 3 trillion dollars currently residing in money market funds will soon be leaving those funds to participate in the run towards Kudlow’s Dow 16,000. That’s what they say will propel this market higher, send it to new all-time highs, happy days are here again…blah blah blah.
Do you have any charts or indicators that demonstrate this? I’m hard pressed to believe this. Instead I think it’s just an attempt to squeeze the last drops out of this rally by suckering in more retail buyers: “get your money out of those low-yielding funds and put it into equities…things are super over here!!!”
I appreciate all the work you’ve been doing to remind investors about economic reality.
May 16th, 2008 at 10:20 am
“Confidence among U.S. consumers fell in May to the lowest level in almost 28 years as record-high fuel prices, lower home values and fewer jobs rattled Americans.
Consumer spending, the biggest part of the economy, is cooling as surging food and fuel costs erode Americans’ buying power and job losses mount. ” bloomberg.com
Consumer spending makes 2/3 of US economy… and now tell me - how it is possible that they reported such low inflation just few days ago? Vockler was right - methodology is wrong or it was manipulated…
May 16th, 2008 at 10:22 am
my comment should be in your newer post regarding consumer spending…
May 16th, 2008 at 10:33 am
Hi Rebels, thanks Chuck.
Guys, check the divergence between the Dow Jones and Nasdaq.
Same thing happened in October 2007.
Dow topped in October,11 and Nasdaq end of October.
Be careful.