Even though he believes tax cuts will become a reality, he doesn't believe a lack of tax cuts would trigger a correction. Veteran strategist Edward Yardeni, who holds a Ph.D. in economics, says the stock market is suffering from an 'anxiety' disorder. "It's not like we desperately need tax cuts to make the U.S. economy work. I've counted 57 anxiety attacks for the market ... in an outright correction of 10 percent or more." It's working awfully well, with low unemployment, and earnings are at all-time record highs.
as declared in
Wall Street's :fear gauge," the CBOE Volatility Index VIX, -2.08% touched its lowest reading in a decade on Monday, falling to 10.11, and briefly hit single digits. Meanwhile, Wall Street's "fear gauge" just touched a 10-year low, as other measures of market volatility hover at the lowest levels in decades. It is hard to say but the market's recent moves have been offering mixed signals about the outlook for the economy, raising questions about the ability of the run-ups in stocks and bonds to persist. The VIX is a measure of the market's expectations for volatility 30-days in the future, and is based on options on the S&P 500 index. Nicholas Colas, chief market strategist at New York-based global brokerage Convergex, said the VIX is flirting with levels that bode ill for stock bulls.
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collected by :Jack Luxor
as declared in
Wall Street's :fear gauge," the CBOE Volatility Index VIX, -2.08% touched its lowest reading in a decade on Monday, falling to 10.11, and briefly hit single digits. Meanwhile, Wall Street's "fear gauge" just touched a 10-year low, as other measures of market volatility hover at the lowest levels in decades. It is hard to say but the market's recent moves have been offering mixed signals about the outlook for the economy, raising questions about the ability of the run-ups in stocks and bonds to persist. The VIX is a measure of the market's expectations for volatility 30-days in the future, and is based on options on the S&P 500 index. Nicholas Colas, chief market strategist at New York-based global brokerage Convergex, said the VIX is flirting with levels that bode ill for stock bulls.
read more visit us Money
collected by :Jack Luxor
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