Stocks broadly lower as the rumor mill is swirling about bank troubles here in the U.S...
Dow -91
Nas -26
S&P -9 to 1122
The Volatility Index (VIX) is climbing again...currently up 0.58 to 43.54
The VIX is a reading of the degree of fear that is in the market. In the past ten years, the VIX has been normally around 20. During that period, any time it has spiked above the 40-45 range, that has signaled excessive fear and an oversold market...typically soon leading to a market rally. We'll keep an eye on the over the next week.
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