Market Meltdown in October?

[shortie]

Quote from piezoe:

Shortie, i think you are likely right. Something extremely odd about this strong close today, as if the market is just thumbing its nose at disaster, and in the face of the Fed holding the line on rates. Could the fact that Friday is triple witching have something to do with this?

yeah, i just don't think we could put everything behind with one day rally. and russia dropping 17% can't be a good sign.
we need several panicky days to get to the bottom. i would say monday was quite panicky, but today all the panic was gone once the market opened - just too easy for the bulls.

 

[capmac]

Is this the meltdown before the actual Oct meltdown ?

 

[shortie]

Ouch! SPY -4.5%, VIX 36+

We gonna need a bigger boat!!