US markets tumble again overnight with the Dow off by 140 and the Nasdaq by 54 points to 10380 and 2265 respectively. The positive Dow futures of last evening failed to bolster markets and what is more worrying for me is that the VIX has had another sharp rise to more than 40 – this is NOT Good and is likely to weigh on market sentiment in the coming weeks.
Related posts:
- The more than 400 point gain in the Dow overnight seems to be a "relief" or short covering rally as the Fed comments confirm weak US economic outlook
- When US markets fell 4-5% last Thursday……was the trigger advance knowledge of the S&P rating downgrade for the US which was released last Friday after markets closed ??!!
- What to make of the US and EU debt problems ?…….
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sorry, but as a vix vol of vol trader; the 40 vix will close 5/10/10 <30 today.