Tuesday, August 23, 2011

Noon Update....

Stocks are broadly higher as Banks (minus BAC) move higher along with commodities and technology.  Gold and silver selling off slightly.

Dow + 197
Nas +55
S&P +22


Also, the Volatility Index is falling below 40 to 38.68.  The VIX is a reading of fear in the market.  Typically the Vix sits near 20, but in the last few weeks it has spiked above 40.  Spikes above 40 have historically indicated that fear is high...a possible time to buy??

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