Sure, the VIX is down from the other day’s damn near historic high above 65. But it’s still more than double what it was just a month ago.
Then again, there’s more than one way to measure volatility. And it’s not like volatility is a bad thing, at least if you’re ready for it - it helped bag my subscribers a 30% one-day gain in META. Stocks have to move to make money, right?
They’re certainly moving today. As I write this, about 30 minutes ahead of today’s close, I’m sure there are folks out there who can’t wait for the closing bell to ring. I’m looking at a monster reversal in the S&P 500 - a more than 100-point reversal on the day. The NASDAQ is seeing 500- and 600-point reversals.
Absolutely this is causing anxiety, maybe even panic, out there for people who don’t know how to trade these events.
That’s what we’re going to talk about right now…