Index is telling us . I think we have to ask this question on another rather sedate day. So where the heck did all the fear go . And more importantly, should this lack of caution be making us nervous . Lets unpack the situation, next we know the vix measures the level of volatility, that traders are expecting in the near future. Its often viewed as an index of the overall level of fear in the marketplace. Some people think its out of date. Since these days there are many other ways to bet against the market. More efficient ways, frankly. In other words the fear gauge may not be as relevant as it once was. But the vix may not be obsolete. While the s p 500 is much more representative of the broader market. I always mention it at the top of the show, and given that it broke down below 10 today, its a signal that there is a lot les fear now than at any time in a decade. We have to deal with this. Are we right to not be afraid . So a certain degree yes, the market hasnt moved much in ages,
First, you come in this morning, europe is down, china is down, yet after an initial kneejerk negative reaction caused by the spillover from the s p 500 futures, the market manages to right itself with the dow ultimately going from bear to bull, gaining 71 points. S p advancing 1. 8 . Nasdaq climbing 1. 16 . How . Because like the old days, the u. S. Is once again the center of the universe. Europe can tighten. It can slow down. It can do whatever it wants, but finally it isnt falling off a cliff. Which is what matters. The bulls definitely want europe strong. And they have the United Kingdom on their side where there may be some tightening needed because the economy is so strong. But what we care, what we really do care about is whether the head honcho at the European Central bank is still in total ben bernanke mode, and he is, because he is trying to make employment thrive. European banks are coming back. And chinas trade with europe seems to be on track. Mind you, a slowdown in chin
What were the old days like . Let me remind you. First, you come in this morning, europe is down, china is down, yet after an initial kneejerk negative reaction caused by the spillover from the s p 500 futures, the market manages to right itself with the dow ultimately going from bear to bull, gaining 71 points. S p advancing 1. 8 . Nasdaq climbing 1. 16 . How . Because like the old days, the u. S. Is once again the center of the universe. Europe can tighten. It can slow down. It can do whatever it wants, but finally it isnt falling off a cliff. Which is what matters. The bulls definitely want europe strong. And they have the United Kingdom on their side where there may be some tightening needed because the economy is so strong. But what we care, what we really do care about is whether the head honcho at the European Central bank is still in total ben bernanke mode, and he is, because he is trying to make employment thrive. European banks are coming back. And chinas trade with europe s
And our economy is definitely improving what is holding us back . Considering that the averages spent most of the day in the red before rebounding in the afternoon. Dow climbing 18 points, s p. 19 , nasdaq gaining. 34 . I think thats the question well have to answer right now. So tonight, lets talk about whats missing in this markets feeble attempts to mount a rally since peaking a month ago. First, we just dont have the rest of the world going our way. We got to admit this. For much of last year, we could count on at least one part of the universe besides us doing well in any given moment. Think about it, we had europe coming out of recession and the Interest Rates falling seemingly by the day. We had china in a bad news is good news frame of mind where each negative piece of data implied that we were one step away from the gigantic stimulus Plan Everyone was waiting for. We had russia getting its footing back and our companies doing business over there, were seeing some terrific year
We will discuss if college is worth it. First, your take on that question. We will divide the lines this way. Hig host you can also email us. Magazine put these graphics together on whether or not colleges worth it. Take a look at this, the cost, fees adjusted for inflation. Look at the cost back in 1980, 19 81, around 5,000 for a twoyear public degree, for your public degrees right here. You can see how the cost has risen. In 2010, 20 11, that price is over 25,000 for your private school. That is the price here, going from 1980 through 2010. For a twoyear Public School, the lighter color, you can see the price there. Up at all those categories. Heres is the poll americans think that College Education has become too expensive for most people. 75 believe that most people cannot afford a College Education. 22 said that most people can. Families differ on who should pay for it. Thateneral public believes 48 should come from students and families. That the State Government should pick up 1