Volatility down again

Whilst the main indexes continue to hold together, and even put in marginally higher highs, the VIX is continuing to crumble, closing -0.3% @ 12.55. It remains a market that has no fear of the future.


VIX'daily3

Summary

Suffice to say, it is indeed a fearless market, and we could remain in the 13-11 range for weeks..if not months.
-

First upside target for the equity bears should be VIX 15s, but I just can't see that viable any time soon.

more later..on the indexes