VIX falls to lowest level since 1993

[PaceAdvantage]

There is no fear in the markets...nothing but sunny skies ahead...

[barn32]

Originally Posted by PaceAdvantage

There is no fear in the markets...nothing but sunny skies ahead...

I nibbled a long volatility here. (UVXY@$9.99)

[barn32]

Volatility is holding firm right here, and I'm hoping for an end of day upward swoon so I can exit my long UVXY for a small profit.

I don't really want to hold it through next week, although that is an alternative, especially when I can sell calls against it.

[highnote]

The VIX and S&P are very far apart -- VIX near all-time low and S&P near all-time high. Probably not sustainable. I look for VIX to rise and S&P to fall.

September and October are weak months.