Below is a photo I just took of the eggs my hens laid over the past couple of days. It metaphorically represents the kind of relationship I’ve got with the market right now. That is to say, most people gripe about the high price of eggs and the plunging stock market. Me? Just the opposite. I’ve got more eggs than I know what to do with (my dogs get a bunch!) and I’m loving the plunging market!
Like eggs, though, plunging markets don’t last forever, and the VIX peaked early in the week. I absolutely despise the whole “wait for the VIX to deflate and grit your teeth through the bounce“, but the market doesn’t care. I was therefore curious, over the past year, how long these “deflation” periods tended to last. I made use of the Measurement tool in SlopeCharts, and the answer is that they typically last anywhere from a few days up to almost three weeks.
Sigh. I can hardly wait until it’s over, because, honestly, this is a drag. In the meanwhile, I’ll keep serving up eggs to dogs that have no idea how lucky they are.
