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The market for volatility, the VIX, got a one, two punch for the BOJ and the Fed. They basically said they will do things in the future. BOJ to target rates, possibly less QE and the Fed for a likely Dec and 2017 rate rise. They bought time and they bought space to take out some of the lingering doubts about rates in the mid-term and certainly before the election.
Look for our daily calendar webinar soon! Sep 24th is the day.
As I look at the underwhelming iPhone launch, and my phone, I keep thinking there is an app for everything. There is an app for tides, sports, music and just about anything under the sun. My problem is a I need an app to tell me what to do in a market on Quaaludes; lots of delusion and nothing going anywhere. As there is an app for anything, there are positions for every market condition, even markets punch drunk with Fed indecsion and sound bites.