June 28, 2010
Good morning. Down week for the market last week, with the S&P losing 3.5% to close at 107.87. The VIX shot up 16% to close at the fairly high number of 28.53. It seems, for the moment at least, that we are still stuck in this trading range of roughly 1040 to 1120 on the S&P, with the market wanting to flutter somewhat violently back and forth from the 1080 number.