The VIX went up +9.96% today..this may sound alarming but its still at a very low 12.47.. For reference..VIX Under 20 represents a calm market..small anxiety is ~20 ...more serious doubts ~25...a hint of fear ~30...VIX over 30 shows market uncertainty and a degree of fear....
Small supports broke today (minor event) so we shall see what happens tomorrow and if it is a sign of negative things to come.
VIX at 12.47 implies market will move plus/minus 3.6% in next 30 days
I can live with that - esp if it's up 3.6%
Still very low
No worries
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Well, yes ... but I am wondering whether this is just an outflow due to the high weight of FBU in the index coupled with the incompetence of FBU board and management rather than a more generic market weakness?
Still - worthwhile watching ...
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"Prediction is very difficult, especially about the future" (Niels Bohr)
Well, yes ... but I am wondering whether this is just an outflow due to the high weight of FBU in the index coupled with the incompetence of FBU board and management rather than a more generic market weakness?
Still - worthwhile watching ...
Looks more like a movement of overseas money out of our big cap stocks to me, not specific to FBU. Both Rym and SPK have been hit hard over the last week as an example.
Well, yes ... but I am wondering whether this is just an outflow due to the high weight of FBU in the index coupled with the incompetence of FBU board and management rather than a more generic market weakness?
Still - worthwhile watching ...
Technicals may be indicating other things going on
Almost time to start reaching for the coat and car keys.. before the doorway gets crowded
Where you gonna go??...car keys??...Remember you're on a boat in the deep Pacific.... .....
Sorry Arc..couldn't resist myself..
On more serious note..I was 98% "in" now about 80% after today...Started off-loading the ones with any sell signals and taking profits off the table, not hanging around with wait and see when the NZX50 looks dodgy
Originally Posted by Hoop
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