Volatility (VIX) Hits 3-Month Low – Big Decline in Equities Ahead?

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Today, the volatility index (VXX) hit its lowest level in 3 months.  Does this mean we have a large stock market decline in our future? Over the last 6 months, lows in the VIX have corresponded with tops in stocks.  Since May’s spike, it’s been a series of lower lows and lower highs for the […]

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Yesterday afternoon, we closed our short S&P 500 futures position after hours, on the expectation that some sort of bounce was developing in the near term. If that’s what you call a bounce – it was pretty pathetic! What a lame-ass bounce! We’ll see what type of follow through we get tomorrow and Friday.  That […]

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