It is interesting that over the past few days, buying on dips really has not been done with any conviction. Yes, the market has had a runup and this is a correction. But I would expect a bit more volume on the movement ups if this rally had any legs. Also, since the uptick decisions have at least 4-6 weeks before they are installed, VIX is not effected so ignore anything regarding possible odd VIX movements for the rest of this month.
BTW, I think this little guys in the picture are a couple of cyber-bears.
Beamer Dog,
ReplyDeleteI read on Marketwatch or CNBC today that an SEC staff person said any uptick change won't take effect for at least 12 weeks.
If so, when do you think "the dust will settle" and we can view the VIX normally again?