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Yep, that’s what I was worried about. Last week, we had our expected big, exciting burst in volatility, only be snuffed out – – almost to the sub-teens at this point! – – on the VIX. What’s fascinating is that each of these “pulses” is spaced almost precisely one month apart.
Just in case you’re entitled to see it………
Happy Christmas Eve, everyone. The day that combines the pageantry of a religious festival with the unchecked anticipation of Juneteenth. It will be a short trading day, of course, with a close three hours before the normal time. The market re-opens Thursday for regular sessions Thursday and Friday, with another cleaved week after that. We can all start working normally again on January 6th.
With about four people participating in the market, all four of them bulls, it looks like almost all the damage from last week’s super-fun Wednesday plunge is gone.
Oh, MAN, did this one fake me out. I was a huge fan of Arm Holdings (ARM) as a bearish play, but the damned thing went flying higher from November 18th to December 13th. I gave up on this thing as some kind of infidel, but it went on to burn $30 off itself within days. ARGH!
