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Smart_Money

04/18/03 1:06 AM

#99120 RE: WinLoseOrDraw #99119

RBAK down 20% today. They got debt out the wazzoo.
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mlsoft

04/18/03 1:26 AM

#99122 RE: WinLoseOrDraw #99119

WLD...

You may have a good point there. Something is surely causing the VIX/VXN to act strangely of late.

mlsoft
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Public Heel

04/18/03 7:48 AM

#99127 RE: WinLoseOrDraw #99119

I'm not sure I follow that. In the huge bear-market rally that started 9/24/2001, the VIX dropped from 48 to 22 (granted, the post 9/11 numbers were unnaturally inflated). In 2002's Feb-Mar rally, it dropped 3 points, and in the brief May rally, it went from 24.5 to 20.3. Maybe most of the bears were getting complacent as the Market rallied, but I know that this bear was not.