So today was one of those explosive rallies I was talking about. The Dow is now fully 20% off its intraday lows from Friday (!!) -- again on volume that any time would represent a fabulously big day.
That said, the mood has gone from doomsday to exhuberant a little too quick for my tastes, and it has kind of the same 'feel' as the super-rallies we had during the bear market of 2000-2002. And while the vix has fallen out of its exponentially-upward accelarating curve of the last few days, the linear uptrend of volatility of the last couple weeks is still intact, albeit barely so.
Opinions? Predictions?
That said, the mood has gone from doomsday to exhuberant a little too quick for my tastes, and it has kind of the same 'feel' as the super-rallies we had during the bear market of 2000-2002. And while the vix has fallen out of its exponentially-upward accelarating curve of the last few days, the linear uptrend of volatility of the last couple weeks is still intact, albeit barely so.
Opinions? Predictions?