By Karim Rahemtulla Markets closed up today…
But don’t be fooled into thinking this is the all-clear moment when the market will return to form. While yesterday’s actions brought us closer to the bottom than the day before, one headline could change everything. Because of that, the betting is still pointed toward the downside in the days and weeks ahead.
However, with the CBOE Volatility Index (VIX) going absolutely parabolic this week, we may see a little letup in the velocity of the downside moves, meaning the daily massive moves down will start to slow down. So expect more big down days, but not necessarily …read more
