People are in deep fear Jerry?? Come on, the VIX is under 22 and went DOWN on Friday after JNPR's warning, there is no fear, the money supply has ballooned, Greenspan will likely cut rates again.
Don't you think if there was going to be a correction, that the VIX would have went up on Friday??
Even the VXN went down from the open on Friday: finance.yahoo.com^VXN&d=c&k=c4&t=5d
IMO, there is no fear in a bubble. Stocks have been moving up on bad news, on warnings, for the most part. SUNW and JNPR put some pressure on the techs, but I was surprised that JNPR didn't put more pressure on the techs.
I don't see a correction, not yet. I'm looking for a "bubble run".
I'm ready to trade what's in front of me though, either way. |
