Skip to comments.Check Out Today's Incredible Spike In FEAR
Posted on 02/25/2013 1:42:42 PM PST by blam
Check Out Today's Incredible Spike In FEAR
February 25, 2013
If you wanted to digest it all in one chart, it might be this one: A chart of the VIX -- aka "The Fear Index" -- which measures how much people are trying to buy protection against a big downside drop using options.
It went ballistic today. This is raw fear, as people buy protection against a big drop.
(Excerpt) Read more at businessinsider.com ...
Looks like about the same vertical delta (but in the opposite direction) as the DJ +318 day in early January.
What the market giveth, the market can take away. We had four years to fix the fundamental problems underlying our economy and squandered it.
There will come a day when neither Bernanko’s mouth nor his mouse will be able to paper over this festering wound.
Beware of buying this dip.
With the price of gasoline continuing to climb, my bet is that something bad is brewing in MENA.
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