http://www.stockrake.com

VIX has hit the magic levels, but this market, at least this morning, is not acting like two to top tier financial giants went bye bye today plus a federal loan of an insurance company of $40 billion.

I remained heavily short, covered nothing, and bought SKF at 119 on the bullshit up move that happened this morning. Plus this morning’s 10:45 window was egregious – I’m not exiting on that crap number.

We have seen the market much lower on considerably less important news than what came out over the weekend and this morning.

Holding on till the real panic shows itself and so far it hasn’t.