Around The Net In Ten Posts – Wednesday August 01, 2012

Here is what I am reading: Draghi Reshapes ECB Crisis Pragmatism as Trichet’s Dogma Fades (Bloomberg) Gore Vidal – imperious gadfly and prolific, graceful writer (The Washington Post) Denmark Has Lessons for Draghi as Official Rates Go Negative (Bloomberg) Cult Figures (Bill Gross) August’s back-to-school winners (MaketWatch) Market Heats Up in Election-Year Augusts $$ (Stock…

Market Open – Wednesday August 01, 2012

Tuesday’ Action: $VIX gapped up and maintained an uptrend and closed in the upper half of the day’s range indicating that the volatility increased. Except on Monday, $VIX has been closing in the lower half for the past few days, a sign complacency or lack of volatility in the market. DJIA made a 3-day candlestick…