The recent VIX break below 18 (below 17) has been associated with substantial pullbacks over the past 3 years. Note the Blue circles correspond to VIX lows, while the Red are VIX highs. The Yellow circles were below 18.
Nasdaq versus VIX, 3 Years (weekly) click for biiger view
There remains a voracious institutional appetite for stocks, and that may very well temper the downside of any correction.
Bubble headed logic
Sony to work with Intel on mobile music tech
Tidal wave coming of metals?
Behind the theory of disruptive success
Are We In for a Seven-Year Rally? (long term)
The Rally May Be Running Out of Gas (short term)
Quote of the day: “Our instinctive emotions are those that we have inherited from a much more dangerous world, and contain, therefore, a larger portion of fear than they should.”