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Strategies & Market Trends : Moufassa's Lair
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To: Trumptown who wrote (11407)1/11/2003 6:46:52 PM
From: Joe Smith  Read Replies (1) of 13660
 
Lots of bulls celebrated and partied here for a couple of years until things were seriously out of whack. Do you think that the markets are really oversold from a LT, secular perspective? I do not. If you want to judge where the complacency is, I would look at VIX or VXN. They would scare me out of any long-term bullish positions. Not to say that you should not party for now, but I would be prepared to return to the bear cave as soon as the smoke starts to clear.
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