Explaining the lack of capitulation (and what it means)

In Free by Cam Hui

Dana Lyons recently wrote a terrific piece about the level of complacency in the current bout of stock market weakness. The SPX had fallen over 9% in two weeks, but the VIX Index was barely challenging its December highs and it was nowhere near the highs set during the August/September selloff.   He found that past instances of where the market …