Despite Friday’s pathetic ramp up in S&P futures on no volume, presented below are to charts of the VIX index. This “formation” has occurred a few times before. We have some resistance levels some higher, but it sure looks we are up for some increased volatility.
“When I was in Norway one of the Norwegian politicians sat next to me at a dinner and said, “You know, there’s one good thing that President Obama has done that we never anticipated in Europe. He’s shown the Europeans that we can never depend upon America again. There’s no president, no matter how good he sounds, no matter what he promises, we’re never again going to believe the patter talk of an American President. Mr. Obama has cured us. He has turned out to be our nightmare. Our problem is what to do about the American people that don’t realize this nightmare that they’ve created, this smooth-talking American Tony Blair in the White House.”
Interview with Hudson, click here.
Full transcripts, click here.