The bailout bonanza I mentioned in today's haiku is now in full swing, and yet recession fears have not been calmed. Like I speculated in a post yesterday, the market will eventually weigh in with a bearish forward-looking assessment of the U.S. economy's growth prospects. Asian markets have started to resume their downward trend.
I'm wondering whether the time might be right for a play on market volatility using VIX options. I'll let you know by next week what I decide to do.