R. Ennis

Chart of the Week: Volatility Drifts Lower

Perfect storm brewing. As the VIX settles and calmness is felt all around it will only be a matter of days before the market gets slammed as it comes out of the eye...there are 240 mph winds just beyond this eye. They are made up of REITS, Citigroup, JPM, and small business bankruptcies.

Only a nut or loony would be buying now. I should also point out that VIX calls are getting a nice premium and the bets are on that VIX is back in the 50's before end of January...