Wednesday, August 03, 2011

-4.5% so far.

Referring to this post.

And look, I'm no doomsayer -- just look over the archives (you might just search "VIX" on this blog)-- but if support cuts out, we're looking at a collapse, as in, oh, Dow 9,000's for starters, speaking roughly.

Only two things could stop it: one, easing. But where's the money gonna come from?; two, jobs creation, and that's not very likely in a global meltdown with (and arguably because of) a decidedly anti-American American president. This appears to be the worst case scenario that Bush & Co. prevented us from experiencing in Oct, 2008.

And speaking of the VIX, it's a long way from bottom territory:


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