This is not a 2008 stock market crash.
This is not a 2008 stock market crash. While the volatility index ($VIX) has, for the most part, been capped at 45, as expected and forecast here, the 2008 crash sent us into the 80+ levels for the VIX. This merely means the contagion is somewhat contained at this point, though further action is needed to stave off this great leveraging, which is sadly inevitable. Central banks are driving this market and the control is in their hands, not earnings and not rational data. The shift in the market had caused a grand liquidation and now I am looking for deals in the mining and energy space again.
This alone means the bane is somewhat independent at this point, admitting added activity is bare to avoid off this abundant leveraging, which is acutely inevitable.
ReplyDeleteFirst Hour Trading
Fear and central bank wordplay is driving this market.
ReplyDeleteSo we see hysteria.
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