looks like some of those earnings figures are not to flash--I guess most have assumed that the Fed will postpone interest rates anyway so this time its given the market a small hit--still well above the lows though
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looks like some of those earnings figures are not to flash--I guess most have assumed that the Fed will postpone interest rates anyway so this time its given the market a small hit--still well above the lows though
Keeping an eye on the US companies reporting as well, I don't think this is about the US interest rates at the moment, more real-time real-economy news. DOW seems to be turning over and futures weaker as well. See how NZX & ASX react to it today and tomorrow, some shares looking a bit overextended on short term.
From http://www.investing.com/analysis/th...ish-vix-267879
"Long streaks of consecutive daily VIX declines actually turns out to be a very bullish phenomenon, medium-to-longer term:
http://c3352932.r32.cf0.rackcdn.com/...6c9aae595f.png
(Source: @RyanDetrick)
Each one of these instances saw the S&P 500 rise over the ensuing months and in every instance, the market was higher one year later (sometimes significantly higher -- i.e 1990/91, 2003/2004).
Will it be different this time?"
As it happens, the October 2015 sequence of daily VIX falls extended to ten, ending on 10/10/15.
bears must be getting nervous
Sometimes a bulll, sometimes bear, it's just a matter of the market sentiment, as some choose to actively manage capital whereas others don't. I'm not nervous, as I don't own anything that is particularly likely to be sucked into a mainstream decline in sentiment. That said, today the NZX shook off any concern around the globals and struck out on it's own for a 48 point upside and the boards are crowing about how well the bear has served them. Interestingly the Asia bourses followed as well. Good on them is what I say, staying the course when all around there is uncertainty in the medium to short term. For my part I can't help but notice the weaker US earnings reports and down right disappointments from some US companies/markets (Walmart for example), with the knowledge that these macro events have a way of filtering through to local markets, mainly through the uber-funds that own a decent chunk of our market and push or pull at a sniff of news. Enjoy the upside, it may be a great time to take those profits. What's around the corner who knows but at this stage I'm still OK with erring on the bearish side. Imho as always, dyodd.