This week's Ponzo studies for SPY and VIX indicate we are at a most dangerous time. We've been watching the Doom's Day scenario slowly creep up on us and now its here. What's scary is that is virtually all risk iterations the crash scenarios have the lowest error factor. This of course is just one of 5 possible outcomes in the next week but a measure of respect for its implications may be the wise course of action. Today's painful reversal was not a good omen for the bulls.
By the way...now we have a Saudi crisis to add to the global meltdown.