volatility index

A second reversal week?

Last week we anticipated going bearish on stocks and bonds as the market showed signs of caving in after the final “mopping-up” in Iraq. Indicators were falling into place, calling for a market top. Our window for the top to occur was to be from April 11, 2003 to April 16, 2003, with Friday the 11th or Monday the 14th being… Continue reading