VIX have plummeted, and are now trading at 13,04. It simply tells us that there is no fear out there. Indices are setting new ATH, but Dow seems to be a little bit calm. Asian markets are up today. Nikkei rose to a three-week high and added 0,9% to 14,693,57. The highest since Sept. 27. The Topix advanced 0,6% to 1,212,36.
Google is for the fist time above 1000 dollars. Shares gained 13,8% and ended the trading session at $1011,41. Google`s earnings rised the S&P technology sector to outperform all other sectors. It rose 1,8%. Now it is time for Netflix and Apple. I look forward to see their earnings. This is money machines and they should beat the numbers, and that will make the momentum to continue this week.
U.S debt is now $17.075 trillion. That`s a lot of money, but I`m glad we can focus on the earnings now and not the debt. 62,2% of the 98 companies that have reportet earnings so far on S&P 500 have topped Wall Street`s earnings expectations. I look forward to the earnings this week.
5,57 billion shares was traded on friday and that is slightly above the average. Gold is back above the support level at $1300. If gold is not the safe heaven, VIX should be the new one. Right now VIX is closed at 13,04. News today: Existing Home Sales at 10:00am.
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