Ricks Picks

Rally Hasn’t Quashed ‘Fear Indicator’

EST

Although the S&P 500 and the Dow Industrials have been in explosive rallies for the last five days, traders appear skeptical, if not to say skittish. As the take-no-prisoners short squeeze has unfolded, a widely watched ‘fear indicator’ has refused to give ground; this, despite a 700-point burst in the Dow Industrials and a corresponding gain in the S&Ps over the last three days. The VIX Volatility Index settled at 15.94 on Monday, just a dime lower than where it was when the rally started to accelerate toward the end of last week.  Although the first two days of the move had brought the ‘fear indicator’ down somewhat, its failure to budge since then is unusual. Contrarians might argue that this is bullish since it suggests that buyers are holding firepower in reserve. But it’s also possible the VIX has simply got it right and that it has good reason to act worried. Whatever the case, skepticism alone cannot continue to power stocks higher indefinitely. When the last bear has been squeezed bloodless, look out below!

Comments on this entry are closed.

John Jay June 11, 2019, 10:23 am

A person could, and many have, write a lengthy book all about the United States stock market.
To myself, the best explanation of how it all functions is simple:

“The stock market is the primary “Bagman” the Federal Reserve uses to transfer the USDs they create out of thin air to the .01% .”

Compared to TARP, which was a check written directly to the .01%, without a money laundering intermediary like the stock market.

You and I are like seagulls picking up the scraps after a killer whale pod consumes a school of herring, we can make a nice little living doing just that!

LOL!

none June 11, 2019, 7:36 am

Yep! Fear of being left behind and Fear of not getting ‘in’ on the buy side for sure.

A huge bubble in stock price and it suggest the sentiment of the population towards products in general not just the one listed below.

How can it be worth this much, with such low sales and the fact Veggie burgers have been around for 20+ years. “I bought veggie chunks for stew for backpacking in the 1960’s.”

The Beyond Meat burger is NOT made of soy.

Their product is not healthy.

https://www.smithsonianmag.com/arts-culture/history-veggie-burger-180950163/

Have a great day Rick.



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