Panic Selling Ahead For Equities?
Candy Matheson | Oct 15, 2014 03:42PM ET
As of 2:00 pm today (Wednesday) -- and further to my post of October 9 -- price in equities has plunged to the next major support level of 60, after failing to hold a critical level of 100, as shown on the 20-Year Daily ratio chart of SPX:VIX below.
Price on this ratio chart now sits at levels seen during the 2008 financial crisis. A break and hold below this level could, indeed, cause some panic selling in equities…one to watch very closely over the coming days/weeks!
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