by Dan Norcini
Trader Dan Norcini
The
following chart of the Volatility Index or the VIX as it is more
commonly referred to is stunning. With today’s further decline, the
index has now reached levels last seen in APRIL 2007!
The VIX is a measurement of sentiment. It tends to rise and spike sharply during periods of fear or unease and decline during periods of complacency.
What we are basically seeing with today’s move is investor complacency is at EXACTLY the same level SIX MONTHS BEFORE THE BOTTOM FELL OUT OF THE US EQUITY MARKETS in late 2007. I remind you that at that time, hardly a bear could be found anywhere with the exception of a few sharp traders/investors, managers who were warning of extreme overvaluations.
Continue Reading at TraderDanNorcini.Blogspot.ca…
Trader Dan Norcini
The
following chart of the Volatility Index or the VIX as it is more
commonly referred to is stunning. With today’s further decline, the
index has now reached levels last seen in APRIL 2007!The VIX is a measurement of sentiment. It tends to rise and spike sharply during periods of fear or unease and decline during periods of complacency.
What we are basically seeing with today’s move is investor complacency is at EXACTLY the same level SIX MONTHS BEFORE THE BOTTOM FELL OUT OF THE US EQUITY MARKETS in late 2007. I remind you that at that time, hardly a bear could be found anywhere with the exception of a few sharp traders/investors, managers who were warning of extreme overvaluations.
Continue Reading at TraderDanNorcini.Blogspot.ca…
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