i want to be rich, and I want lots of money
i don't care about clever, I don't care about funny
i want lots of clothes and fuck loads of diamonds...
blah, blah, blah, then chorus... [the market is] being taken over by the feeeeaaaarrrr...
([the market is] = my speck of creativity :)
Man-oh-man, was the market scared today. First time throughout this recent rally where the overwhelming majority of commentators I have been seeing, in the vast sites I read, were negative, and telling people to short. Quite fascinating.
The obvious is that the VIX spiked today, and spiked impressively. Today's spike made it overbought, but changes its trend.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgL5EWFUVlKJcP8hlCP27kFJ1GwRP7Wp9DoTLrrAsOsUVsCqVej5vsRuhmIqwoT6nA7qkGb0mfAYZTAHeYZ5qwZCJ3MGlH_O16boHlut_IpIEHqmrLcTPntf5IXCpjupMNt1RN36wVsOlk/s400/sc-1.png)
I do not believe the VIX will start an uptrend. I think it will top out at approx. 33, and channel for awhile. Once I see 33 or so, I will go heavy in the stocks listed below.
Such a level of fear would suggest the SP500 could very well retreat to the 62 SMA.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhSW3vKytmlyEJwBynJ-s3GVXGhHbBz_bJwQn540i9aX7KvKGtXr6saxAjoGhqMzB3TrJysHMgGcYd_KdKAPoxhmjmh0WCZafoFL4aeLlU-kGATtx6JfpMtsvXzJMCOK-lpj7Lbvx2UJSs/s400/sc.png)
Waiting to go heavy into the market via the following:
AAPL - 160
GOOG - 445
GS - 153
PBR - mid 36
SQM - 32-33 (but oh so tempted to add today)
FCX - 54-55
FXI - 36 (but its so oversold and tempting at current levels... but I have discipline)
F - mid 6
BNI - around 77
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