Without question the most dangerous market I've seen...At least in 2008, the CB intervention was in the intermediate stages (not a weekly round robin of every CB talking head in the world)...Essentially, the underpinnings of this market are quicksand, but the enormous leverage (and all the 2x/3x etf's/inverse etf's) create perpetual market vacuums...Just like last August, when VIX was sitting complacently in the low teen's...