Sector Investing

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Don, it should be very interesting this morning. The market is going to open up quite well especially after the good unemployment numbers.

We could finally see the VIX print below 20 today.

This would be a measure of extremely low fear in the market and potentially indicative of a short term market top. Of course there is always the possibility that the P/E ratios of today that concern you and me will be justified by future earnings growth.

Bull markets supported by rapid earnings growth don't care much about a low VIX.

RtS