Thanks for your posts today. They've been very helpful, especially the SI message to sylvester. I agree with your view of things.
One small nit: you are repeatedly referring to the VIX/VXN chart dropping at "a 45-degree angle". That doesn't mean anything. Depending on how much you stretch the scale on the X and Y axes, you can make a slope look like any angle you want. Please clarify what you mean.
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