dow, daily
Summary
Dow 16200 is now a very strong floor, and the only issue is when we'll see the 17000s...not if.
-
Again, I'm reminded of all the doomer chat we've seen this week, endless talk of 1929 and 'the top really is in this time'. Few seem to have learned anything..even after almost five years of broad equity gains.
-
Those going long VIX..that equally seems a stupid idea. VXX, TVIX, UVXY, will simply decay in the weeks and months ahead. Arguably, the only decent 'go long VIX' signal, is when it breaks 20, and does anyone seriously believe that is viable before the late spring?
Notable weakness : GE, -2.5%, and frankly, that is another bizarrely valued stock..at least relative to the main market.