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Wednesday, November 21 | ||||
Patience Premium
(Top: S&P 500 Index; Bottom:CBOE Volatility Index; (1020x610 chart))
In the last five years the CBOE Volatility Index has crossed 50 only nine times, each time marking a major bottom in the stock market. If you had to rely on only one indicator to time your stock purchases, this would be the one. The payoff for being patient is huge. |
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