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The resistance line on the VIX seems (now) to have held:


[ATTACH=full]111936[/ATTACH]


Which just goes to show why intra-day trading can be tough.


Overall market:


[ATTACH=full]111937[/ATTACH]


The resilience of the Financials is an important signal for the market going forward. Increased confidence in the financials is increased confidence in the economy going forward.


The bigger investment banks are looking at a new revenue stream also:


[ATTACH=full]111938[/ATTACH]


The current IPO craze is driving this. If it takes off (which it will) IPOs will become highly risky as far higher numbers of insiders looking to flip early shares will be involved. It will be interesting to see how this works out for the IPO space. As for JPM, they will charge (I'm sure) grossly inflated fees.


jog on

duc


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