Following a few weeks of high volatility, the downside trajectory of the markets seems to have subsided. The objective measure of this is the volatility index or VIX. The chart below shows the explosion of this index in the middle of February, ascending to levels not seen since late 2008 during the banking panic that … Continue reading The Crossroads
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The Bounce
As has happened numerous times in history, the markets mounted a high volatility rally after the approximately 10 sigma selloff experienced last week. Panic and euphoria are always lurking in markets and will serve to draw people into their respective manias at the worst times. We have pointed out that there are many signs to … Continue reading The Bounce
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