"And the beat goes on..."
Today may well have been the first day of the next major down wave. We should know for sure by the end of next week, although the holiday trading period through next monday may well lack conviction and clear direction. But the put/call ratio, advisor/investor sentiment, mutual fund cash levels, VIX and VXN indices, and the relative size and timing of the current rally are all signalling that the time for resumption of the bear's ferocity is at hand.
Look out below.
Could be but then again who knows. There are very powerful forces that have a huge vested interest in keeping the bubble alive and the mania going. Somehow, everything is now crosswired into Wall Street. SUNW just made some interesting comments. Shows that they still don't have any pricing power. I am skeptical of their forcasts for next year though. It sounds too much like CSCO's repeated, "We're ready to take advantage of the turnaround" talk that they use to sound positive for the usual media hype.
Sun Says Sales Holding Up, but Margins Aren't
Richard W.
But the put/call ratio, advisor/investor sentiment, mutual fund cash levels, VIX and VXN indices, and the relative size and timing of the current rally are all signalling that the time for resumption of the bear's ferocity is at hand.The VIX has been trending down at a fairly steady rate the last week or two. I don't understand how one can read a one-day uptick in the VIX as signalling a "resumption of the bear's ferocity." Then again, when it comes to reading the VIX, I'm a neophyte.