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S&P500 / VIX Ratio & USD LIBOR
On the cycles of the S&P500 / VIX ratio and the stabilizing cost of USD 3-month LIBOR relative to its yen counterpart.
Ashraf
The market continues to defy logic and is overbought (even Cramer on CNBC, a perpetual bull, says so!) but it just doesn't want to go lower - tomorrow could be interesting but I doubt any change will happen in the tone of the FOMC. Nonetheless there may well be some profit taking tomorrow and news from China on rates could start the ball rolling for a much needed pullback.
Ginger
http://bit.ly/a9qeIX
Ashraf
Ashraf
Also, do you still fell that euro/dollar will fall to 1.32 by end of March or is it going to rally to over 1.40?
Look forward to your views.
G
http://bit.ly/c7fXkr DoubleTop In Place
Sub, we need to CLOSE the day above 1150 for bullishness to extend
Ashraf