Market Review and Trends
US markets tumble again overnight…..VIX rises above 40 (this is not good for markets in the short term)
By Kevin Scully-Financial Blog  •  May 10, 2010
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. Read more...
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By Kevin Scully-Financial Blog
Kevin began his working life in the regional and economics division of the Ministry of Foreign Affairs. He then moved to the private sector analyzing equities before venturing out to start NRA Capital. After 25 years of watching stocks and living through financial disarray during the Pan Electric Crisis, the 1987 Crash, the Barings debacle, the Gulf War, Asian financial crisis - what can sub-prime do but add another scar to already bruised wounds. Ever since starting his blog, Kevin has been enthusiastically giving his personal views on the market. He discusses about equities, the market turmoil, and the broad economy.
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One response to “US markets tumble again overnight…..VIX rises above 40 (this is not good for markets in the short term)”

  1. frank says:

    sorry, but as a vix vol of vol trader; the 40 vix will close 5/10/10 <30 today.

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