Asian indexes are mixed with Japan and South Korea happy and
China, Hong Kong and Australia sad. The SPASX200 is down marginally hurt by
weak commodities and miners. Iron ore prices tumble to $60 per tonne. Gold
miner Regis Resources is bludgeoned -27%.
The NIKK is up
[Text is Redacted: Purchase March 2015-03 to Read the Complete Chronology]
........bullish as equity cheer leaders are quick to call today’s selling a one-off event. Traders and analysts expect the stock market to recover and continue printing new highs. However, CPC put/call activity spikes showing an increasing level of worry but the CPCE put/call ratio remains subdued indicating ongoing complacency. Ditto the VIX that remains benign at 15.20 indicating a relaxed attitude about the stock market and an expectation that equity prices will continue higher indefinitely.
[Text is Redacted: Purchase March 2015-03 to Read the Complete Chronology]
........bullish as equity cheer leaders are quick to call today’s selling a one-off event. Traders and analysts expect the stock market to recover and continue printing new highs. However, CPC put/call activity spikes showing an increasing level of worry but the CPCE put/call ratio remains subdued indicating ongoing complacency. Ditto the VIX that remains benign at 15.20 indicating a relaxed attitude about the stock market and an expectation that equity prices will continue higher indefinitely.
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