I was wrong last week, and I do feel like I've lost my mojo, as it were. Still, I'm looking at the continuing large drops in all the vol indices and thinking there's got to be some sort of consolidation here somewhere. We've gone from bullish to wildly bullish to completely inane (or perhaps insane), which is fairly typical for a run-up of course; for a sell-off, just replace bullish with bearish, and you'd have where we were just prior to takeoff the day after Labor Day. Anyway, this is the part where you quote Keynes re irrational markets & solvency... GDX is treating me nice, but even there I think I'm taking profits today. Sentiment is just getting completely out of hand.