Monday, stocks fell slightly in Asia, were unchanged in Europe but gained 0.7% in the U.S. on 13B shares traded. The VXO fell 6% to drop well below that key level of 20 and end at 18.90. The 10-Year U.S. Treasury bond yield declined 2% to close at 1.61. Precious metals gained 1% while their miners moved up twice that amount. The Dow, S&P 500, and NYSE stock indices each logged a record closing high. Tuesday, stocks gained 0.4% in Asia and 0.8% in Europe but fell 0.7% in the U.S. on 12B shares traded. The VXO rose 9% to close at 20.57 and move back from greed to fear. Wednesday, in Asia stocks closed little changed. In Europe they fell 0.3% while in the U.S. they gained 0.4% on 12B shares traded. The VXO reverted back to greed with an 11% decline to close at 18.22. The FOMC statement affirmed the need to keep doing the same obscene things they have been doing because the economy is so fragile it cannot function without massive support. Precious metals and their miners gained 2%. The Dow Jones Industrial Average closed above 33,000 setting a new record high close. The S&P 500 Index joined the Dow in logging a record closing high. Thursday, stocks gained 0.9% in Asia and 0.4% in Europe but fell 0.9% in the U.S. on 13B shares traded. The 10-Year U.S. Treasury bond yield shot up 5% to close at 1.73 -- weighing on stocks. Precious metals and their miners lost 2%. IBM closed above the 130 level as "investors" rotated away from momentum stocks to industrials. Friday, stocks fell 0.8% in Asia and Europe but closed down just slightly in the U.S. on 18B shares traded. While that volume is high for a normal trading day, it's pretty tame given the quadruple witching action. IBM closed below the 130 benchmark and Apple ended below 120.