The market opened sharply lower today, but quickly rebounded after the initial woosh down. Many talking heads were looking for signs of panic to signify a market bottom, and I think we saw some of that today.Even in terrible markets like 2001-02, the market would get strong bounces after getting oversold. This year, trying to pick a bottom has been like trying to find a needle in a haystack. So while I do not want to sit here and say today was the bottom, I am seeing more and more signs that we should bottom soon. To wit:The volatility index (VIX) hit its [...]
Read More...
[Source: The Money Blogs]
No comments:
Post a Comment