Although September is often the worst month of the entire year for the stock market, so far, August was worse. And, The term structure for VIX shows that implied (or expected) volatility was actually higher in August than September. We’ll see how it all unfolds…
Source: http://www.cboeoptionshub.com/wp-content/uploads/2013/09/VIX-VXN1.jpg
ASYMMETRY® Observations 
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