The Black Box

[sylvester80]

>>>Fannie will get it wrong and blow up.

Unfortunately the market has not discounted any kind of blow up yet. However I think the market maybe starting to discounting that this recovery with no jobs won't last much longer. Add a major blow up in the mix and we are looking at one volatile market ahead. And that's beginning to show up on VIX with a nice move up yesterday (up 9+%). I think the market criminals are buying some insurance after the pathetic job numbers last week. All IMHO of course.