Well, at least the Dow is, now below 10000, down 364.
I wish I could write something profound or at least witty...
Cramer was on national TV telling folks to take their hit and sell, if they will need the money during the next five years. There will be some bears, and some very nimble bulls that are making hay. However, as always, this isn't a time to be the hero or to try and call bottom. This is a high risk time to take new positions, long or short. My impulse is to step up and buy, which usually means more downside.
VIX hitting a new bear market high, above 53. Some that try and use VIX as a timing tool, got in when it was VIX hit 38.
No comments:
Post a Comment