Dec 31, 2007

Bernie Schaeffer on the VIX as a "smart money" indicator

This year... I personally found new significance for the CBOE Market Volatility Index – as an indicator of the smart money's assessment of the volatility landscape as opposed to the "dumb money fear gauge" it is so widely believed to represent.

~ Bernie Schaeffer, Schaeffer's Monday Morning Outlook, December 31, 2007

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