Elevated volatility indexes on average favor the bulls, so putting on shorts at such levels is a low probability trade. If you are a bear, better to wait for VIX etc. to drop below the 10 day MA, especially for swing-trade bears. The spin du jour is: "U.S. stocks rose, sparing the Standard & Poor's 500 Index from its worst January ever, after the nation's largest bond insurer said it expects to keep its AAA credit rating." - Bloomberg.com
Thursday, January 31, 2008
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