Bad boys, bad boys, what you gonna do when they come for you

8/28/15 Market Report. The VIX fear gage recorded a historical high of about 148, meaning that people are hedging using S&P futures for another trouble ahead. Two China devaluations followed by reducing bank ratios and flushing system with reserves indicates intent to push for higher dollar rates and more competitive yuan. Translation? Yellen and her co-conspirators have delayed rate hike in US in fear that may cause a market crash and election loss for the Dems. Hence the rate uptick came from the Forex market, forcing the Fed to reduce rates to nearly zero to reverse the violent decline this week. The lovely question is what will the Fed do on the next crash with rates near zero. Reduce rates in negative territory? But that will unleash a flood of dollar selling, a contradiction. The 50% re-trace level from the high of 18351 and low of 15241 is 16796, with a 20 and 50 day moving averages just above that where the market encountered selling yesterday.Remembering that the fall markets have been nasty over the years, it is wise for people with high blood pressure to consider a hedge using perhaps distant and cheap out of the money DIA puts right on the top of the current rally.