We Got Our 31 Level In the VIX - Capitulation Is Finally Here...

07/15/08 10:59AM EDT

In tandem, the S&P 500 was marked at an intraday low of 1201 alongside a VIX 31 reading, just after 10am EST. That was likely a short term trading bottom for US stocks.

Bernanke admitting we have US stagflation is an important start in getting proactive on raising rates and the value of the US Dollar.

KM

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