The yield curve is flatter than it has been since the end of February. The 3-mo./10-yr. spread is only 184 basis points. The VIX reflects investors' fear and is a little higher today at 17.
The markets are still worried about problems in the Eurozone. Investors should read the comforting outlook for the Euro on Eurasia Group's website - where the issue is considered a "red herring" and "the single most overrated risk of 2012."
http://www.eurasiagroup.net/media-center/view-press-release/Eurasia+Group+publishes+Top+Risks+for+2012Therefore, when this minor downturn in equities is behind us, the market should continue its plodding uptrend.
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Published on April 30, 2012 12:01