| Weekly update 24 Aug. |
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| Written by Peter Almberg | |
A great day and a beautiful week on the markets. Volatility (^VIX) is coming down to normal levels, stocks are rebounding in U.S, Europe and we see fresh All Time Highs in China (+9.6 % in a week). As I mentioned yesterday I see two things that makes me nervous and both of them have to do with the theories used for meassuring risks. I will come back to that later because I think this storm is over for now. I hope market participants will go through their deltas, gammas and thetas in this world that is far from constant. Some of these greek letters are not even constant when market is closed. I looked at how many times volatility or vix was used in blogs lately and found out that we had huge one day reversals one week ago and since then is ^vix down 29 %. Maybe the time is here for technical analysis on "key" words from blogs and search engines. Maybe that would give a better reading about mass psychology.  Market data: (change compared to 17 August)
Index/subject Quote (LW) (TW) Change 10 year treasury yield 4.67 % 4.63 % (-0.04) Swedish OMX 1163 1210 (+4 %) FTSE 6064 6220 (+2.6 %) DOW 13080 13379 (+2.3 %) NASDAQ 2505 2577 (+2.9 %) NIKKEI 225 15274 16248 (+6.4 %) SHANGHAI SSE COMP. 4657 5107 (+9.6 %) VIX 29 20.7 (-29 %) |
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| Last Updated ( Sunday, 14 October 2007 ) |
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