SPDR S&P 500 (SPY): I say yes. I am amazed how high the V...

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Re: euterpe1 post# 62330

Friday, 10/17/2008 1:41:49 PM

Friday, October 17, 2008 1:41:49 PM

I say yes.

I am amazed how high the VXO (original formula VIX) remains! I think there is the real potential for a vicious rally where shorts get hurt.

That said, I don't think that rally is a signal of the end of the Bear Market, just a much needed correction...

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