Our thoughts and prayers go out to the Houston area as they continue to make it through the flooding. I bunch of links this week and the first one leads me to make a short commentary. This guy (and he isn't alone) is day trading the VIX. As @ReformedBroker put it "It won't be long now" referencing the end of the up market cycle. This may not be a sign of a bubble but it could be a sign of the market peak. Please let me know when you hear that a friend of a friend is making tons of money day trading. Once we hear from 3 of you we recommend running and hiding with your portfolios.