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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Zeev Hed who wrote (83336)8/27/2000 2:47:38 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 132070
 
Zeev:

The VIX indeed is not infallible. But two of the last three times it fell below 20 (summer 1998 and summer 1999) the market dropped sharply soon after.

My take is that the market has some modest upside left after a brief pullback. But I view risk/reward ratios as generally unfavorable at this juncture. The one thing I have little doubt about is that when this rally ends, a BIG DROP will soon follow.