Monday, January 25, 2010
Volatility & Financials
The Volatility Index ($VIX) spiked last week off of the Brown win in MA, indecision on Fed Chairman Bernanke and the Obama bank bashing. Well, as I stated last week..let things settle down and rationality set in. The $VIX has backed off and the banks are leaders in the market today, plus it appears as if Bernanke will be re-appointed. The Itz Pix portfolio stocks JPM & LNC are up. However, we have the State of the Union this week which could stem and bounce today & possibly tomorrow. Apple reports after the close...lately there has been the 'Sell the News' with earnings reports...let's see if the trend continues and what tone that sets for the markets.