Cusick’s Corner 11-19-2012
Impressive — that’s a good word for the market action that we saw today but this was a tempered move. What is meant is that the volume was light and shorts tend to cover more quickly in an environment where the headlines dominate the action. Volatility came out this session, VIX -7.13%, so the expectation of a large magnitude of a move at this juncture has lessened. While this was a reversal of Thursday’s and Friday’s bottoming action, today’s continuation was … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards