VIX = 27.80 -2.84 -9.27%
Market Behavioral Analysis:
The equity markets staged a massive celebration as the Fed and other CB’s paved the way for QE3. In a coordinated move they signaled that the answer to what ails Europe will be the same as what caused the sickness. Enjoy the spike while it last. They are treating the symptom while the disease of massive debt goes untreated.