The Greek Contagion is back with full force with its attendant symptoms.Only last week these symptoms had shocked us with its ferocity.Last week I wrote in one of the posts
The huge amount of uncertainty is hammering the markets and making the VIX vault to incredibly high levels though nothing near the Sept 2008 levels. VIX is up almost 100% in 2 days , while Oil is down almost 15% in the last week. Gold is the only commodity which is going up whilst the others wilt in the face of the Greek debt onslaught.
Now we are back again to the same situation.Euro has gone down much below when the crisis began to below 1.24.VIX at 32.5 is lower than the 40 but still quite high.US markets are also down 2-3% .