VIX alert

Wednesday, October 15, 2003 | 02:46 PM

The CBOE Volatility Index hit a fresh 52 week low today.

I will address this in more detail in The Big Picture tomorrow, but it suggests to me that a sell off (of unknown proportions) is imminent.
There remains a voracious institutional appetite for stocks, and that may likely temper the downside of any correction.
My guess is that we will likely see some sort of a modest (5-10%) correction starting over the next 30 days

More on this tomorrow . . .

Wednesday, October 15, 2003 | 02:46 PM | Permalink | Comments (0) | TrackBack (0)
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