Mission accomplished. Three days of low volume melt-up into the month end and here we are where the weekend letter writers can talk about a new all time high next week. Any nervous 401 K types will see on their monthly statement that there was no damage from this little tantrum, proving once again how really smart they are to keep buying those ETFs. And of course the icing is the former Target Logistics manager has undoubtedly made another pile by shorting volatility.
Problem is the end of month window dressing and new money doesn't happen every day and it is looking like September could be an ugly volatility racked month only to be followed by the usually terrible October. So far in the on deck circle swinging a practice bat we have Government running out of money, Fed going ahead with liquidity reduction, gasoline shortages for back to school and a new category 4 hurricane moving into the Caribbean early next week.
As only the old Hollywood stars can say it so well, "buckle up it's going to be a bumpy ride".