Benkea ; I see that too, however I have some reservations about
taking any indicator to far back in time and or assuming some
fixed arbitrary value of the past will indicate a change today
and the more back we go the less value we can place on what
or where it was then.
---------------
Other things have defiantly changed, I do use the VIX but it's
relative to a shorter time frame. As I understand it , the VIX
is measuring the OEX sentiment..well last July the OEX was more
dominate than it is now, the NDX has taken over..MSFT has more
market cap than GE , BUT you got me thinking..I'll have to
pull up the OEX stocks and see how many of my most active traded
stocks are in it. Or did you see my list..
AOL, MSFT, IBM, INTC , T , LU , GE, YHoo, Dell , Csco , & Wcom
how many of them are in the OEX ?
Another thing about historic values , is looking back then
to see What the most active were, and if the OEX had em,
In other words to keep our eye on the ball we need to look
at where the trading action is, and where it was back then or
we may not have apples to apples.
Every thing has to be checked out, or we become victims of
change and don't know it. The vix is still good but I'm not
sure were the value should be and won't buy into "traditional"
values on much of anything, as doing so leads to
archaic "old man " views. I'm old but try not to think like
some troglodyte.
Jim |
