The ECB cut rates, unemployment stayed at 6.3% and the VIX dropped below 11 this week, the lowest level since 2007. Although I want to be long, I can’t ignore the drop in volatility and feel a correction is just around the corner. Accordingly, I have moved 90% into cash.
Here are this week’s links:
Why you can’t just buy the VIX
Correction 2014: Are you prepared?
What next for the euro? Interesting insight from Monex
How to take money off trend followers
Buying the most shorted has been rewarding
Keep an eye on the world’s economies with Trading Economics
That’s all for now. More next week. 🙂