Stocks Soar, VIX Plunges

The S&P 500 (^GSPC) broke out to a new 52-week high today. We’re now up to 1078. If you’re into the number stuff, that’s almost exactly the Golden Ratio times the March intra-day low (666.79 * 1.618 = 1078.89). Spooky!
The VIX is below 23 again. The low point today was 22.67. During 2009, we’ve been lower intra-day, but not on a closing basis. If this holds up, the VIX will close at its lowest level since last September, just before Lehman went under.

Posted by on October 12th, 2009 at 11:47 am


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