Wednesday, October 22, 2008

VIX close to 70. S&P may be re-testing lows

I know I posted last time the VIX was over 70. If we re-test lows on the S&P but don't break through tomorrow or in the next couple days, I'm thinking we have a legit market bottom and I can stop paying attention unless we break through for a new low.

Word on the street is a couple of hedge funds blew up today, and I posted earlier about the IMs between some people working @ S&P.

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