The Volatility of the Stock Market

The term structure has been, and I'm trying to pull up my term structure chart real quick, it appears that August is coming closer and closer in line with July. As far as Vix goes, yeah, I just agree with Russell. We have kind of a steepening, contango. The premiums have come down somewhat over the last week. There looks like a little bit of window dressing on a lot of the big tech stocks today,. But from a ball point of view, it's a very boring, very boring, normal looking, contango curve.