Friday, October 7, 2011

Noon Update...

Stocks are mixed following the better than expected jobs report...and the profit taking that ensued by traders.

Dow +49
Nas-14
S&P -1

The Volatility Index (VIX) has come down considerably in the last few days.  It is now at 35.75.  Remember, it got over 46 early Tuesday.  That seemed to be the point where traders reversed the downward trend.  Monday is a holiday, so it would be nice to go into the long weekend with more gains.  Hopefully stocks will drift higher the rest of the day.

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