The Wall Street Journal quoted Shawn Price yesterday, one of my top analysts.
“We’re just not seeing the volatility of forced selling right now, and that creates a ton of positives for the market,” said Shawn Price, a portfolio manager with Navellier.
That’s an important point. The market’s volatility has plunged lately. Traders like to follow the Volatility Index (VIX), which is often called the “fear index.” A few months ago, that index soared to over 80. Recently, it’s plunged to below 30. This probably signals that the worst of the panic selling has passed.
