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Tuesday, August 6, 2013

What Fear?

The SPY ETF, which is the most popular ETF vehicle in the marketplace, traded 53.76M in volume yesterday.

On Dec 24th of last year - a half session the day before Christmas mind you – it traded 53.87M in volume.

It appears the bulk of Wall Street has left the building for August vacations.

As for risk?  It appears people believe Ben Bernanke has erased it – other than a few sessions in March this is multi year lows in the VIX

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