bill3173 - passion in your xjo posts tuesday, page-22

I spotted that VIX candle too redbacka/mongo. Looks like insurance is being bought against a Greek default, while options are cheap. Much of the Euro risk is outside the control of politicians and central bankers now, so the course of events is hard to predict. Another round of riots and strikes could unwind any progress made on debt restructure. Still not a time to sell imo, but there is a danger of complacency with so much bullishness about. The VIX move may even be seen as a positive in that light.