volatility bubble ready to burst

we could possibily see the "Volatility Bubble Burst". if so one might see the 40's fairly quickly.

the next week or so will be interesting.

LIBOR 1-Month LIBOR 3.1713 Change: -0.0212 basis points.

LIBOR 3-Month LIBOR 3.465 Change: -0.0425 basis points.

LIBOR is slowly declining, which is an encouraging sign for the credit markets. Longer-term rates have been falling for two weeks but are still tighter than short-term lending rates.

VIX: 66.96 Change: -13.10 (-16.36%)The Chicago Board Options Exchange Volatility Index sank sharply as a soaring Dow increased the sense of certainty in the marketplace.

TED Spread: 2.7031 Change: -0.0426.

The TED Spread edged lower to end the day as prospects for corporations were seen in a better light.

Dow: 9,065.12 Change: +889.35 (+10.88%)