After closing at a record low last night below 9, VIX is trading with an 8 handle this morning (amid somewhat chaotic trading). VIX has never traded below 9 two days in a row... ever. As we noted yesterday, it's only traded below 9.0 on seven days since the index was created 28 years ago - six of them in the last six months, the other in Dec 1993. And The Dow tops 25,000 - the fastest 1000-point leap in history... (Dow first crossed 24k on 11/30) Time for a new Dow 30k hat soon? Meanwhile the yield curve continues to collapse to new cycle lows... (full story)