By Karim Rahemtulla This morning the CBOE Volatility Index (VIX) blew through 70. When it’s gone past 60 in the past, it’s triggered full-on panic mode in the market, leading to huge sell-offs.
Those sell-offs have usually lead to some incredible bargain buying – but you want to make sure that you’re not the one giving bargains away!
That would be capitulation, or when an investor gives up their previous gains by selling a security during a decline in the market.
Often technical support levels mean nothing in a market plunge. Selling brings about more selling, and everything that makes sense stops making sense.
If gold stocks, …read more
