Thursday, May 22, 2003 3:16:26 PM
Charts: Why I don't trust the VIX or VXN here.
Here's the nitty gritty. These indicators have too much data missing -- that is, we don't have any way of knowing what "normal" ranges are during "normal" market conditions.
Here's the nitty gritty. These indicators have too much data missing -- that is, we don't have any way of knowing what "normal" ranges are during "normal" market conditions.
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