The last time we were at these levels, we saw a sharp decline, you may not remember what that felt like emotionally at the time, but it was panic and no one knew when it would stop, except WOWS members got a head's up about 4 days in advance via 3C.
Friday, January 20, 2012
Investors and Traders Hit New Highs in Complaency
The VIX has made a new low today, which means investors and traders are becoming more complacent, they are letting their guard down and assuming that the market will just keep acting predictably even though we have a number of unpredictable events taking place. This is what I meant when I said that everyone should understand the basic fundamentals of what is going on both here and abroad. The market loves when it can make the most amount of participants wrong at any one time and investors are falling for it hook, line and sinker.
The last time we were at these levels, we saw a sharp decline, you may not remember what that felt like emotionally at the time, but it was panic and no one knew when it would stop, except WOWS members got a head's up about 4 days in advance via 3C.
VIX new low today
The last time we were at these levels, the decline of late July started (SPX in red vs VIX green)
The last time we were at these levels, we saw a sharp decline, you may not remember what that felt like emotionally at the time, but it was panic and no one knew when it would stop, except WOWS members got a head's up about 4 days in advance via 3C.
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