The VIX at 70 suggests a daily volatility (standard deviation of returns) of 4.4% ..
If the S&P500 "settles down" into a range between 1000 and 900 (currently at 950), by entering into a joint economic and 'banking' "show-me mode", that suggests, believe it or not, that the VIX is a little ... low.
Gulp!
At least, so far, we've seen no indications whatsoever of any specialist firms on the brink of failure, etc.
Friday, October 17, 2008
1,000 Point Trading Range for the S&P500?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment