Wednesday, October 01, 2008


Market volatility is obviously heightened. Investors are totally wigged out. A measure of that volatility is the Volatility Index (VIX). It is now trading at 40, a level that approaches other seminal moments in the last 15 years - the market bottom of 2002, post-9/11, the LTCM collapse, and the Asian Currency Crisis. This is either a moment of great opportunity...or tragedy. We will see.
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