TVIX INVERTED

Per CNBC TODAY:

For Market, There’s No Such Thing as Bad News Now

The way things are going these days, the New York Stock Exchange could be aflame and the only reaction from investors would be to buy stock in companies that make fire extinguishers. It’s not that there aren’t reasons to sell off — plenty of them in fact. It’s just that nobody seems to care.

Ask Sears (SHLD) shareholders; company lost 2 TRILLION in the 4th Quarter-stock up 20% today.

Back in the late 90's, oil was $8 a barrell. All stocks related to oil, drillers, exporters, gas producers, etc, were all trading below $15 or even $10 a share. Nobody wanted to pay this price for oil and oil related, dividend paying companies. Today-those stocks are over $200 a share, split a few times and have paid big dividends over the last 12 years.

Nope, instead, everyone wanted Qualcom at $800 a share, Micro Strategy at $3000 a share, Commerce One at $500 a share and many other names that, most of which, are no longer around.

Today, just like then, the pundits were all over TV telling everyone how CHEAP these companies shares were, companies with no customers and no earnings. Telling everyone that in no way did they want to own oil and gold and silver.

This Greek Tragedy will end the same as the rest-bubbles bursting, jobs lost, people shooting their coworkers. History repeats-this time is no different.

I inverted TVIX chart-common technique in technical anaylsis. Does it look like a bottom?

Here is the S&P inverted.  If you were looking for a PANIC LOW-would this be it??? Sure looks like one to me. 

Is this a top??

Tim Kathlina