Stock Market Volatility Drops

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.

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