tag:blogger.com,1999:blog-897456774486153841.post2949413820380043441..comments2024-03-29T03:46:10.767-07:00Comments on VIX and More: “Tops Aren’t Built on Fear”Bill Lubyhttp://www.blogger.com/profile/01241003017364820134noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-897456774486153841.post-69771965555912900392007-07-03T09:03:00.000-07:002007-07-03T09:03:00.000-07:00While the markets dither around in nosebleed terri...While the markets dither around in nosebleed territory and confound the bearish)forecasts of the Stock Traders Almanac, the technical indicators support an upside bias for the next cycle move. See $SPX:$VIX daily on stockcharts.com with RSI(3). I'm unable to import the chart into "comments".bzbtraderhttps://www.blogger.com/profile/11607843481812042367noreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-39265021499098069832007-07-03T05:30:00.000-07:002007-07-03T05:30:00.000-07:00Glad to find you here in the comment section, Jim....Glad to find you here in the comment section, Jim. <BR/><BR/>Absent any more historical information, I'm still deliberating internally whether the positively correlated VIX and broader markets during the 95-99 bull run was an aberration or something to look for on a more regular basis.<BR/><BR/>I'm still crunching more numbers on this and entertaining a variety of theories. One thing is clear: the investment landscape has changed a lot in the past decade (derivatives, hedge funds, ETFs, electronic trading, etc.) -- so I'm not convinced that history is necessarily a great teacher in this case.Bill Lubyhttps://www.blogger.com/profile/01241003017364820134noreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-47003945993477533072007-07-02T20:49:00.000-07:002007-07-02T20:49:00.000-07:00.. so long as OTC derivatives don't completely cra..... so long as OTC derivatives don't completely crash everything. :)Anonymoushttps://www.blogger.com/profile/06600639357521599493noreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-19747598119432900252007-07-02T20:48:00.000-07:002007-07-02T20:48:00.000-07:00that's a cool chart, Bill. What I find fascinatin...that's a cool chart, Bill. What I find fascinating in that chart as well is the rise in Vix durng the 90's even as the stock market rocketed higher. I think that era of rising Vix with a rising market might be here again.Anonymoushttps://www.blogger.com/profile/06600639357521599493noreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-63516155187977669022007-07-02T19:44:00.000-07:002007-07-02T19:44:00.000-07:00You need to have predominance of "Fearless Forecas...You need to have predominance of "Fearless Forecasters" to make a top. Today, we have a predominance of "Foreless Fearcasters."nodoodahshttps://www.blogger.com/profile/05324705536306995431noreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-49570173682315862832007-07-02T12:41:00.000-07:002007-07-02T12:41:00.000-07:00Disgusting reptile images aside, I'm glad to see y...Disgusting reptile images aside, I'm glad to see you nourishing yourself on the bounty of the blogosphere. Not sure how well most of this stuff keeps, but alas I digress...<BR/><BR/>"Tops aren't built on fear" is one that I also couldn't have said better myself. Don't be too distracted by POI (I'm not). It's just good to see stocks climb amidst some fear, especially when "fear" is little more than a reversion to mean -- and we're not even there yet.dkhttps://www.blogger.com/profile/14935428341758366207noreply@blogger.com