March 14, 2008

Market Comments Submitted by Nick at Ambitions as a Stock Trader

By admin

Submitted by My Ambitions as a Trader and Investor

Volatility Throws the Indices All Over…

…the place. At one point, we were down over 300 points (-300+) and at another, we were up nearly 50 (+50 above 0). Meanwhile, at the same time, the VIX has shot up from a daily low of 26, up to nearly 33. This is a positive sign for those looking for some short term longs. If you look diligently enough, you may find some this weekend. Whatever you do, don’t go crazy with any new long position. Even if we do have a bounce, it will be short term and the chances of making astronomical returns will still be rather slim.

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