How much further can it go,
that in-your-face move from a couple days ago!
Oil has been steadily selling off for a week, oil stocks following today, HAL , SLB, RIG. Buying volatility working so far. Maybe the Dow makes it 7 days in a row, but I am tempted to bet against it.
Noon Look: I am glad I didn’t execute on that bet. Programs, algos, HFT call it whatever you like, but it is eerie how nothing seems to fall too much or for too long. What are traders going to do without volatility?