Changing My Mind
I came into the day hoping for a bounce so I could add to my hedges. We are getting close to the point where I want to remove my existing hedges or add to longs. Even if we have entered a new bear market there will be bounces. After eight straight down days we might be getting close to one.
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3 comments:
You'd sure think so, but it would be better if we saw some real panic reflected in the VIX, ISEE, and CBOE numbers. I can't believe the VIX is up <3% today after all this carnage.
premiums are fatter than an urban welfare family.
http://kiddynamitesworld.com/surprising-market-stats-7-consecutive-down-day-streaks/
"Since 1988, there have only been 4 times where the SPX was down for at least 7 days in a row. 3 of those streaks were extended into an 8th day, and none lasted for 9 days."
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