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To: Softechie who wrote (7081)3/18/2003 2:01:33 PM
From: t2  Respond to of 11447
 
VXN over 48 now...I think they're selling into rally

I mean to state a high VIX/VXN in that last post.

They are selling off the bonds again...bubble bursting perhaps in progress.
That is probably very good for stocks near term..because of the way funds will flow. Having the mutual fund investors bearish on stocks and bulllish on bonds also helps(see amgdata.com for confirmation of this)

IMHO, dips should be bought; the only problem is the possibility of chemical attack by Saddam that could mess up that strategy. However, even this is being talked about a lot and maybe that also means it is starting to be factored in as well.