An omnious market sign

The following headline graphic on CNNfn is something that you will not be finding at a market bottom:

VIX might be at 43%, but it seems that it could get even higher to flush out any bullish sentiment left in the marketplace.

This week and the next will continue to be dominated by noise while the key decision-makers have their portfolios on algorithmic autopilot. I believe after the labour day long weekend is when things will get interesting again. Most pension fund managers are probably scratching their head and wondering how they heck they can achieve their expected return on plan assets when their equity components have tanked.