Market prognosticators may have differed on whether or not stocks would rise or fall this year, but almost all of them agreed that the crazy volatility of 2011 would persist.
But despite those fasten-your-seatbelt warnings, as quoted by foxbusiness,com, the flight so far in 2012 has been surprisingly -- and for some, eerily -- calm.
In fact, Friday marked the first gain or loss of more than 1% since January 3, breaking a 21-day streak of tranquility.
The markets’ fear gauge, the VIX, tumbled to as low as 16.10 on Friday -- a new seven-month low. That marks a dramatic 66% plunge from its high of 48 in early August as double-dip fears paralyzed Wall Street.
While turbulence has tumbled, the equity markets have steadily climbed, with the S&P 500 on track for its first five-week win streak in just over a year.
The relative calm that has washed over Wall Street appears to be tied to cautious trading attitudes, historically-low volume and easing strains in the eurozone bond markets. How about Indonesia stock market today? Bisnis Indonesia provides recommendations:
Jakarta Composite Index (JCI) may move within the range of 3,978-4,038 with several stocks to watch: KLBF and BBTN. The JCI last week fell 0.02% to 4,015.95.
Technically, the JCI may move mixed today within the range of 3,978-4,039. Several stocks to watch: AALI, GGRM, BORN, and TBIG.
Disclosure: No position at the stock mentioned above.
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