Market talk; Leaked SEC "stress test report" behind todays bearish sentiment

* Sentiment change?
As usual, this market talk provides more info about market positioning than anything else.
Finally, it seems " we are all long equities " - again. Risks are increasing that the market will turn bearish before long. We will soon find out. Read the article behind the fuzz here; http://turnerradionetwork.blogspot.com/

I do not have any clue as to the reliability of this info. However, if it is correct, the US banking system is in dire straits indeed. So what else is new? Readers will be well aware of my view of the US scamster plan. It might provide a respite, but that is most likely all it will. One should expect the European banking system to be in an even worse spot.
I guess the high implied vols on European bank´s puts are about to go even higher

*Position changes
I have added to my long VIX calls.



As usual, good luck



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