Monday, April 30, 2012
30 April 2012
Here are a few thoughts:
I don't see "why" VIX would have found support where it did the past two days. Seems unfortunately logical that it will go back to its recent lows. But these are the markets, where logic doesn't always, or ever, apply.
It also seems that the indexes will put up a fight trying to make new highs - the Dow is about 80 points off its high from a few weeks ago.
Tomorrow is a Tuesday and the first of the month. Traditionally, those both mean ramp fest.
On the bear side, the Spanish banks have still not tested their 2009 lows. When, not if, is the question for those.
If you want to think that the stock market really finds true valuations for companies, check out a five year chart of HUSA. 2 to 20, 20 to 2.
at 10:41 PM