We’ve Seen This Movie Before

VIX was crushed by 21.5% from Wednesday’s highs, sending stocks soaring.  Nine times out of 10, the fact that it’s is poised on support would suggest they’ll continue to gain.But, oil and gas sunk some more, and the dollar is still struggling. This morning’s bounce aside, they’re not done.

Is it time for bears to throw in the towel?

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