How much fun is this market? Whether you are down or up, like a football game…it is very exciting everyday. Huge intraday point swings in the indexes. I’ve never seen the VIX up so high. It doesn’t seem like it wants to retreat. Until it retreats, every day the market is open it will be wild.
So the VIX is pointing to a 60% move in the S&P 500 over the next year. Let’s hope it is up 60% and not down 60%. If the market is up 60%, the S&P 500 would be at 1504.88. If it is down 60%, it would be at 376.22. I have no idea where the market is going. Not a clue. But, I can say this…if we go down to 376.22 over the next year in the S&P 500, no one will be able to recognize this country.
Portfolio
No changes made this week. I implemented a new “bear market rule”. If a trade is made, 2 weeks must pass before any other trade can be made.
Market Data Software
Nothing really caught my attention this week. We did have a bottom in the S&P 500 and the DJIA, but not in the Russel 2000 and/or the Nasdaq. A few sectors bottomed, but that was sort of expected.
Filed under: The Market
