No clever title necessary…..

Posted on 08/04/2011


1205 is an important level on the S&Ps.

Jobs number tomorrow could be the catalyst for next round of stimulus.

The VIX is 30 again…..which “implies” a daily move of 23 on the S&P.

Stocks are in “correction” territory v. late April highs. (Off by 10% now).

I would anticipate some type of “bear market” rally followed by another, potentially big leg lower.

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