The VIX is closing in on all time lows again. In May it dropped to 9.77 and 9.81 before bouncing, and then fell to 9.75 in early June prior to bouncing. At the current 10.28 it's again nearing the sub 10 bounce range, so wonder what will be the catalyst / event this time?
The recent false flag terror events in Europe were most likely designed to shore up flagging Western support for the Neocon's increasingly desperate Middle East strategy against Syria/Assad. The manufactured terror events may accomplish that, but are having less and less effect on the financial markets.
The Fedsters need to keep financial markets buoyant to allow continued 'normalization' of interest rates and to start their new policy of reducing the Fed's bloated balance sheet (QE in reverse). So those betting on a sharp stock market decline will need something the US Fedsters can't control. A big devaluation of the yuan by China would do it, though Rickards says this won't occur until after October. So until then the slow market melt-up will likely continue.
The Fedsters need the markets stable/buoyant, so it will take an event that they don't control to derail things, and then they can be expected to use their PPT tools to minimize the damage to the market. So being short still seems risky, though the odds get better after October.
AI
