Vix #1 lesson:
AS I said before, low Vix = complacency =
BEAR's master tool to draw in sheep, usually greedy and stupid, and almost always ignore the lessons of HISTORY by spouting, "its a new era"
BEAR punishes such folk every damn time. Same-o, same-o, never deviates from the script.
But this 2014 top in the Dow Jones produced
a new type of complacency - one that is
defiantly so to such an extent as to exclude ANY chance of the environs being anything otherwise
As in,
"The Plunge Protection Team always steps in" = a new twist from the 2008 era but exponentially carved into the wildebeest mind by a ray gun.
At every previous top since 2000 these and similar cats came along with their FREE money buy, buy buy. BEAR normally licks his chops as the feast will be huge but this time in 2014 he let it run for quite a while so as to embolden these cats even more before dropping the F-bomb.
Stupidity to the nth demonstrated here. They never notice that the lights can change in a heartbeat.
http://www.elitetrader.com/et/index.php?posts/4036309/
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