Keystone's SPX:VIX Ratio Drops Under 35

This was the intial tell for today's sell off; the SPX:VIX rato dropped under 35 at 10:50 AM EST indicating that the market bears have regained control of the markets and a big down day is on tap. The markets will remain in the bears favor as long as the ratio stays under 35. The ratio printed a 31 handle a the close. The SPX dropped 35 points, or 2.9%. The Dow Industrials lost 284 points, or 2.5%.