RE: RE: Jobs data here's a key tidbit:
VIX levels can be driven by greed as much as by fear,” Lynch said yesterday in an interview. “The fear now seems to be driven more by being underinvested, which translates to buying calls and/or stocks with protective index puts.”
as long as Bernanke and Draghi keep feeding the punch bowl,there's no reason to think there's an imminent downturn coming. You can't hold HVU for weeks at a time, this thing can drop to $6 overnight, if the big boys take their put hedges off the table.