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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who started this subject4/20/2003 10:41:43 AM
From: Box-By-The-Riviera™  Read Replies (4) of 436258
 
it's black or white: lewis on friday

The VIX and VXN continue to crash, and both made new lows for the move today (and for the VXN… it was another new low for its existence). We’ll find out on Monday whether today’s rally was mostly expiration related or not. If it was, then like the March expiration (which still marks the peak in the Dow and S&Ps and even the NASDAQ was only able to take it by 5 points or so on an intraday basis back in early April), we’ll reverse it out on Monday. And that may be it for the rally. If not, then it’s back to the drawing board because all the old bear market rules will have been tossed out the window at that point, and we’ll be approaching an atmosphere that we haven’t seen since 1999 where literally nothing matters and the only limitation to stock prices will be one’s imagination.
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