Market Notes: The Bulls Step In -- July 25
As predicted yesterday the market did put in a bottom but the question now is whether this is a real bottom or just a local one. With the VIX falling back below 13, I'm thinking that we'll get a few more up days--just enough so that the VIX retests the 12 level. Every time the VIX has neared this level, the market has dropped, and that's the scenario I'm expecting. But like most things in life, just because one expects something to happen doesn't mean it will.
Today is a shortened blog day. Dr. Kris is a bit under the weather and will be spending the rest of the day in bed trying to recuperate. Hope to back in the swing of things tomorrow!
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