Bloomberg: “VIX at 76 Means Two More Weeks of Pain Going by 2008 Playbook”
By admin_45 in IN THE NEWS
Excerpt from Bloomberg quoting DataTrek's Nick Colas:
.... "With trillions lost and volatility everywhere, U.S. stocks are tracing a path disturbingly close to the 2008 playbook. If the pattern continues, it may mean two more weeks of pain to come.
The S&P is likely headed toward 2,000 over the next 14 days, according to Nicholas Colas, co-founder of DataTrek Research, unless fiscal stimulus from Washington comes faster than it did during the crisis"....
Read the full article here on Bloomberg!
