Yesterday I was a bit positive we may soon will see a little bottom and the sell off in the Indices slows down. But when I read all the news today, specially about Italy and now also Germany, where there is a real super spreader married couple, puts and shorts are still the way to go.
The IV in calls and puts in the US MSCI
https://en.wikipedia.org/wiki/MSCI_World are again on very high levels and this is not to value as best to go for long positions in Indices.
Do not know if you have such data for India Indices markets. Sadly India is not on the watch list from MSCI. But when all the listed countries are in worry, then other countries must be affected in one or the other way.
An other point which I consider are the US Bonds. Since yesterday they went up heavily again.
Also interesting are the currencies. The Swiss Frank, which is valued as safe port, went quit up since yesterday as seen in the chart.
And finally the current situation in following Indices markets. As now this super spreader married couple in Germany is know, the Dax Index plumped for the moment over 440 points, which is around 3.5% just today.
Hope you enjoy such postings, as I think knowing about other markets is part of a traders habit. I like to know about your markets and I can tell that in this forum many could trade the US market with there excellent trading knowledge. So lets see what is coming today in my home market.
DP