Thursday, March 18, 2010

Market Update - 3/18/09

Apparently the market CAN go up every single day. The Wilshire 5000 closed today at 12,134.20, now 12.14% above it's 200-day moving average.

The VIX (Volatility Index) closed today at 16.62, a level that hasn't been seen since sometime in 2008 according to the chart I looked at.

As I have been saying for a while now, I think the market is near-term overbought, and we are looking at some type of short-term correction. However, I could very well see this rally extend through the end of the quarter next Friday. Buckle your seat belts.

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DISCLAIMER: I started this blog as a way for people to exchange ideas relating to investing and finance, primarily. I am in no way a professional in these areas, merely a student of the financial world. The thoughts expressed on these pages have no connection to my employer in any way. Anybody reading this blog should do so with caution, exercise their own judgment, and do their own due diligence on any financial undertaking. About Me: I reside in New Jersey with my wife and my two dogs. I have a B.S. degree in Accounting with a minor in Finance, as well as an MBA in Accounting. Currently, I am employed as a forensic accountant, and am pursuing my CPA designation. I love the stock market, and picking stocks. I spend a great deal of time analyzing market data, as well as individual names.

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