Yes, this is the spike in the VIX that we wanted to see. Every sell off in the market needs a catalyst. So far, this appears to be that catalyst. I'm glad that I took profits off the table on my MS trade. It will be interesting to see how the market closes today. You will want to see if the market closes on the lows of the session. You will also want to see if the VIX closes today at or near the high that it has reached on this news.
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