Archived IMT (2009.01.15)

The latest article argues for further risk aversion weighing on S&P, Dow and favoring the VIX until next week. But EURUSD 2-mth TL support at $1.3020 and EURGBP support at 0.8850 is seen holding up. Chapter 5 of my book is fully devoted to "Risk Appetite in the Markets" (sneak available at amazon.com) offers a practical and graphic illustrations of the relationships among high and low yielding FX, VIX, equities and credit spreads.