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Read John's post, and then read it again. Very good stuff. I talk about the VIX because that is what is on everyone's mind. If that is the case, for now it is what most (and therefore the market) will react to. It doesn't make it just is what it is. Now we have something more important to think about.

I have found much of what I do now is dispel myths about the market and the various tools used to figure it out. When some topic is in the news and on everyone's it.

Like I said earlier...John has forgotten more than I will ever learn about volatility and derivatives. I am going to read his post again.

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