Archived IMT (2009.01.16)

Risk aversion dominates again after stocks' brief moment in the sun, which occured dubiously despite worse than expected bank results and econ data. Yesterday's rise in the VIX above the 100-day MA remain validated, triggering broad gains in the JPY and Gold. With US markets shut on Monday and thin trading on Tuesday's pres inauguration, there's little motive for continuity in the upside. How long will . . . You must be a subscriber of Intraday Market Thoughts to read rest of content.