Market Correction or a downward spiral — it is decision time –bail the longs? –hedge with ITM puts Checking option volumes SPX smashes EM then comes right back home Vol futures making me nervous When bifurcation collapses into correlation; the risk is magnificently large A/D lines displaying lack of diversification VVIX saw this move coming SPX Expected Move –last week- 62.16 (expected move) –next week–107.71