Mutual funds have such low cash levels, its possible redemptions exceed cash, and then the selling becomes a virtual unimpeded cycle, combined with algos that revert course and hfts decide its time to just continue making money on the downside. This could be relentless folks because everyone is so very complacent. Vix at 40 is meaningless in terms of indicating anything. When it gets to 90, then maybe it'll be worth examining.
Cramer sez this isn't 2008. Hes right: its gonna make that decline look like a walk in the park.
The best part about this decline is nobody thinks this
Started by
nimblebear
, Aug 08 2011 09:36 AM
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