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To: Rarebird who wrote (15032)	10/13/2022 10:38:55 AM
From: Rarebird	Read Replies (1) of 26251

The VIX was basically flat while SPX was tanking this morning. I understand that the $3500 area represents the 50% retracement from the Pandemic low to the Jan. high so some initial buying or short covering came into play. But I also understand that the Fed is seriously draining liquidity and its massive rate hikes are going to cause economy disaster or at the very least, a very hard landing. The selling here is very orderly with the VIX down a bit. No strong bear market rally without panic selling down to SPX $3200-$3300.

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