If you thought the S&P’s furious 11% rally has been a sight to behold, you clearly weren’t paying attention to the soaring planes, trains and trucks.

Despite early intraday record highs in Dow and S&P futures, they ended practically unchanged as VIX was notably divergent.

Two words tell you all you need to know about today's equity trading... no volume (lowest since Aug 27th).

Despite VIX's best efforts, stocks rolled over this afternoon, then ripped.

While investors have been expecting a 10% correction for some time, many were caught off guard with the swift downward price action followed by a tremendous rebound.

Stock prices have a high correlation to economic activity and earnings. History tells us bear markets are often kicked-off by recessions. Recent economic data does not hint at an imminent recession.