What happens when you calculate the annualized volatility of the VIX Volatility Index and chart it?Â You see a violent spike in volatility in Feb 2007 which I suspect was when the "smart money" left the markets.Â Since that time the markets did hit new highs but they haven't really moved significantly higher than the highs hit in Feb 2007.
Good thing I listened to my S&P500 Timing Model and closed a lot of positions in mid December.Â I still remain 60% in cash and bonds right now and I suspect a lot of churn to be happening from now till the summer.
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