The market got a little ugly into the close, as some panic selling surfaced. Measures of investor anxiety were elevated. The volatility index (VIX) spiked another +24%; the CBOE put/call finished at 1.08; and the ISE Sentiment Index was equally depressed at 108.The financials really weighed on the market today. Congrats to Mr. Cuomo for shouting fire in a croweded theatre with his comments about Wamu (WM). Doesn’t Mr. Cuomo get a lot of money from hedge fund contributions? Aren’t those funds[...]
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[Source: The Money Blogs]
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