Go check the VIX over the last couple of months. You'll see why. A Ketchup bottle is a good metaphor for the markets currently.
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All I see is a slow rise then a sudden increase.
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the VIX had been on a century record low for the last couple of months. The S&P and the Dow Jones have been rising at such constant rates that hadnt been seen in several decades. A necessary "correction" was inevitable (correction here is a big understatement)
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Squeeze of VIX shorters seems likely
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Gut ping that it might have something to do with a big 'deep state' expose coming, of which the memo was just a leading tremor
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Likely also a squeeze of volatility shorts as well.
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Market is overvalued, and it dropped. That's all I read into it.
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This kind of market drop isn't too unusual, but the rise in VIX is
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Wrong
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Or put into simpler terms “thanks Obama”
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The market had gotten way over-extended after year long almost unbroken series of daily increases. Could be just a much needed short term correction.
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