Back on April 4th we wrote that the major fear "gauges" were pointing toward a bottoming out formation after having the lowest readings in years. Call it "Greece" or whatever you want, but the reality is that today, volatility indexes such as the VXO and/or VIX spiked up in a manner similar to an event such as 911, ending the day up more than 20% each. Whether this is the start of the bear market move or not, its something to be keeping an eye on this week...
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