Sunday, February 01, 2009

VIX Panic is still here, but not about everything any more. DIA, GDX, DXY, TSX, CDNX, FXI.

Panic is subsiding, fearful investors in financial sector are swinging around everything is lost and we are going to double from here and distorting the real picture, accumulation is well under way in healthy sectors including materials. Just have a look on all capital raising in Gold Miners and Basic commodities. Next greed assault will be to push VIX below MA200 and greatest Irrational Delusion of US dollar as a safe heaven will be a history with chasing performance back in place.

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