Wednesday, July 15, 2009

This Is A Fair And Efficient Market

In some parallel universe far, far away, this makes all the sense in the world. Probably in the same one where stocks are cheap. And if it is not obvious, the chart overlays the SPY and the VIX. The only way the VIX will retrace back to indicate the current broken market levels, is when the S&P hits 1,000... sometime in the next hour.

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