Volatility breaks new lows

With the market starting the week in a very quiet state, the VIX broke new lows for 2013. There is simply a near complete lack of fear in the broader market. The VIX closed -8.2% @ 11.56    Today was the lowest VIX since March 2007.


VIX'60min

VIX'daily3

VIX'weekly3, 10yr, rainbow

Summary

Whilst the Fed keeps throwing money into the financial markets, its going to be real difficult to get a sustained climb in market volatility.

We remain in a HFT algo-bot marketplace, fuelled by POMO dollars, and there is absolutely no sign of that end situation ending any time soon.
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VIX in single digits is viable at 'any point' in the near term.

more later..on the indexes