12pm update - back to tedium

US equities remain moderately weak, with the sp'500 managing to slip -12pts to 2062.    Energy prices remain exceptionally weak, Oil -1.3%, with Nat' gas -3.3%, which is naturally causing continued problems for the oil/gas drillers.


sp'60min

UNG, daily

Summary

*Another teasing morning to the bears, moderate declines... but just no real downside power to it.. as reflected in the VIX which is already in danger of turning red.
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I've been seeing the usual suspects start touting huge downside in spring/summer 2015... everything from the 'mere' sp'1600s..to even lower.

Whether a minor retrace to 2020/15.. or even a brief foray to 2000/1980... it should make ZERO difference to anyone more focused on the bigger picture.

I can't wait to see the bearish hysteria when rates are raised next year. Yeah.. 25bps is going to CRASH everything, right?

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VIX update from Mr T.



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back at 2pm.