Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (26732)	9/7/1998 8:47:00 AM
From: Philipp	Read Replies (1) of 94695

A VIX over 50 qualifies as panic selling in MY book. Make it 150 (87 correction) and I agree. But it is really more a matter of semantics, since you call last year's event a crash and I don't. VIX=50: mini-plunge (Oct 97) VIX=150: panic (87) I agree with Joseph. There was a lot of panic buying (missing-the-dip paranoia), but no real panic selling; the dramatic free-falls on Monday/Tuesday looked like buyers' strikes to me, but I am sure some of the TAs/daytraders on this thread have a better perspective than I have on this. But from all the recent posts it is clear that we are at a classical indecision point. No prediction from me for tomorrow. Regards, Phil

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