Today’s reaction

The Vix is still below 20, despite the negative news, today, further confirming that investors are waiting for the fed meeting tomorrow. Consumer confidence has dropped to its lowest point in five years and the US home foreclosure rate is up 112% from the first quarter of 07 and 23% [...]

The vix is relatively stable today holding below 20 on a day where Oil is in the news again, up over 119 per barrel amid supply concerns with BP Plc’s shut down its north seas forties pipeline due to a strike at it Scotland refinery and after a weekend where many of us [...]