The stock market is ping-ponging right now, and VIX diverged from the sell off today.
The economic data is very disappointing, and event risk in Europe remains elevated.
Let's see how long this coiling can go on before the markets start to move.
"Evil when we are in its power is not felt as evil but as a necessity, or even a duty. As soon as we do evil, the evil appears as a sort of duty. Once a certain class of people has been placed by the authorities outside the ranks of those whose life has value, then nothing comes more naturally to men than murder. As soon as men know they that they can kill without fear of punishment or blame, they kill; or at least they encourage killers with approving smiles."
Simone Weil, 1947
20 July 2012
SP 500 and NDX Futures Daily Charts - Interesting Divergences
The stock market is ping-ponging right now, and VIX diverged from the sell off today.
The economic data is very disappointing, and event risk in Europe remains elevated.
Let's see how long this coiling can go on before the markets start to move.