Investors showed caution after a surprise drop in existing home sales, a surprise rise in GDP growth and AIG's worse-than-expected quarterly decline. If we don't see some improvement in the economic indicators, stocks are most likely going to keep moving sideways. The QQQQ implied volatility dropped to the record 17.19 level.
Saturday, February 27, 2010
Little changed
Investors showed caution after a surprise drop in existing home sales, a surprise rise in GDP growth and AIG's worse-than-expected quarterly decline. If we don't see some improvement in the economic indicators, stocks are most likely going to keep moving sideways. The QQQQ implied volatility dropped to the record 17.19 level.
