Looks like the markets are seeking direction and cannot make up its mind. The remnants of the fear that is hanging over the market pertaining to European debt crises seems to be the culprit and still has a bit of a grip on investors’ minds. Although the VIX (fear index) has come down from its most recent high of 48.20 to the mid 30’s or so, it is still a bit high for my liking.
As Memorial Day weekend approaches lets see how the markets settle out and lets not forget what the real meaning of Memorial Day is.
Respectfully yours,
~George