It’s the ten year anniversary of 9/11 and I’m at home thinking about where we’ve been and where we’re going.  I cranked up my custom built investment application and was worried by what I saw:  Volatility in October.   It looks like there is heavy interest in buying puts (insurance) on this market for October and perhaps it a bit of the uncertainty  in Europe, the concerns about the US economy and other things in general but it’s starting to look like October 2008 all over again.  In the words of Yogi….”it’s deja vu all over again.”

Unfortunately, it’s put buying across the board and not the usual concentration around commodities or foreign countries as in the past so this time around, I am a bit worried.   I’ve long suspected this fed induced eurphoria wouldn’t last and with interest rates already near all time lows, I’m not sure where we go from here except a bleak depression and perhaps war.     I hope I am wrong, I hope nothing bad happens over the next month or two but the “future ain’t what it used to be.”