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Moment of Truth for the Markets

MRKT Matrix

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The VIX Is Asleep at the Wheel in Volatile Times

The VIX has been between 13 and 18, which tells me the VIX is asleep at the wheel. The yield curve is telling us there should be a credit event, yet nothing doing. It's like, again, watching a pot boil and the water is still pretty lukewarm. So far, these normal indicators of fear, of volatility, of a credit event that we all keep talking about have not come to fruition in the broader market. Yet if you said nothing and it happens, where were you guys asleep at the switch? We're here to play it though, guy every day. All right, so I know Dan wants to set this up because we clip it. But

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