May 3, 2010
Good morning. Negative week for the market last week, with the SPY’s finishing down 2.87 to close at 121.73 (2.3%). The VIX had a huge move up of 32%, from 16.62 to 22.05. This followed some sliding markets overseas as mounting concerns of a major China real estate bubble continued, as well as the Central Banks in Europe limping towards a bailout of the debt ridden Greek economy.