Wednesday 23 February 2011

Barclays closed

closed at 316.9 made 38.60. Felt it had dropped well far enough for now and there was a slight bounce.

My general feeling which has been buoyed out is that bulls are now outnumbering bears 3:1 at least and that a recent telegraph article said that ISA money is coming in earlier this year and the VIX is at it's lowest ever level. The market has a nasty habit of crashing just at the point the retail invest comes in!

Pity I couldn't bet on the VIX but at ig that is 50 a pt - too rich for me

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