Sunday, Jan 10, 2010
Risky assets leap into new year
Investment Postcards: Words from the (investment) wise for the week that was (January 4–10, 2010)
Back from the festive season break, traders pushed stock market indices to new highs for the rally, logging a full house of five up-days for the S&P 500 Index and pushing the CBOE Volatility (VIX) Index down to levels last seen pre-Lehman in 2008.
Pundits shrugged off Friday’s unexpected decline in non-farm payrolls, focusing instead on the Federal Open Market Committee (FOMC) maintaining its “extended period” stance for easy monetary policy, i.e. more “juice” for risky assets.
Posted by prieur du plessis @ 08:20 AM (348 views) Add Comment
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