VIX went up, increased PUT buying, while market was going up. Not very encouraging sign.
Today's news from Sprint, FNM et al doesn't dobe well for "money to money heaven" troubles being fully vetted.
PS My tax free state bonds backed by monolines declining below par value from about 105. Either states now are going to pay higher interests going forward or existing bonds acting like there not really triple A rated. LT Zero coupon bonds have lost over 10% this year.
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