Volatility a little higher

With the main indexes closing moderately lower, the VIX settled +2.6% @ 13.27. The VIX has a small opportunity of spiking into the 15/16s later this week - if sp'1730s.  VIX 20s look unlikely in the remainder of the year.


VIX'60min

VIX'daily3

Summary

The US equity market is awash with a mountain of QE-pomo money...the 'benny bux'.

Volatility has effectively collapsed since the recent low of sp'1646, and I'd be surprised if we see VIX 20s before mid/late Jan' 2014.

There is a small chance of VIX 15/16s later this week (bad monthly jobs data?), but then...bad news is...good news...right?
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more later..on the indexes