The yield curve is flatter than it has been since the end of February. The 3-mo./10-yr. spread is only 184 basis points. The VIX reflects investors' fear and is a little higher today at 17.
The markets are still worried about problems in the Eurozone. Investors should read the comforting outlook for the Euro on Eurasia Group's website - where the issue is considered a "red herring" and "the single most overrated risk of 2012."
Therefore, when this minor downturn in equities is behind us, the market should continue its plodding uptrend.
The markets are still worried about problems in the Eurozone. Investors should read the comforting outlook for the Euro on Eurasia Group's website - where the issue is considered a "red herring" and "the single most overrated risk of 2012."
Therefore, when this minor downturn in equities is behind us, the market should continue its plodding uptrend.
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