tag:blogger.com,1999:blog-897456774486153841.post4959411340741661280..comments2024-03-28T06:07:36.391-07:00Comments on VIX and More: VIX Drops 20% in One Day…AgainBill Lubyhttp://www.blogger.com/profile/01241003017364820134noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-897456774486153841.post-64995441524516805202008-10-22T04:01:00.000-07:002008-10-22T04:01:00.000-07:00Why do I rely on your insights, Bill? Evidence #1....Why do I rely on your insights, Bill? Evidence #1...<BR/><I>"...it is not so much the extreme fear that is important from a trading perspective, but an indication that a diminution of that fear is taking place. In many places in this country, people have not been this fearful in 75 years, so any indication that fear may be starting to reverse direction is indeed significant."</I><BR/><BR/>Whereas other market commentators quote the absolute level of this or that indicator as somehow meaningful -- in this instance, the VIX index -- you seek and discern changes, often subtle changes. Leave everyone else their headlines for direction; the clues, subtle though they often are, provide true guidance, and (coming) direction.David M Gordonhttps://www.blogger.com/profile/02283826951215292341noreply@blogger.com