What to do about about long term investment? The first plot above marks 10% percent moves up or down in SPY since the prior marked point. Have all of the dire economic problems disappeared in the last few months or are we merely in a lull before the next round of panic? The second plot above marks 20% moves up or down in VIX since the prior marked point. The volatility and level of the VIX have continued to drop since the crash last fall. Can the market continue to hold 20 times its own weight in uncertainty and bad debt?
No comments:
Post a Comment