Extreme volatility such as we are now seeing is one of the hallmarks of a market bottom. The VIX traded over 76 last Firday during that rout; today it's all the way back down to a mere 56! (The previous high was around 40 during the last debacle.)
The commercial paper market is closed for Columbus Day, so there is no good news to report there - yet.
3 comments:
Hi Ms. Weir...
I had bought your book about
3 months ago, and unfortunately I
had not found this blog till now.
Your book is great, but seeing you
in action at the present really
helps me understand your book
better. Paul
Deb -- I wonder if you'll be publishing an updated corrected copy of your book. I followed your advice and totally missed the recent downturn.
Did you fully understand the system she outlines in the book? High yield spreads have been soaring for a long time, and this is a major indicator of danger and risk. The yield curve is only one component of the system. How did you miss the recent downturn?
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