It’s a widely known that dogs have the capability to sense fear. In that regard, I consider myself a Pit Bull. I can sense fear in the market from thousands of miles away.

The CBOE Volatility Index is designed to be a measure of volatility in the overall market. Without getting too technical, it is based on the volatility of S&P 500 options. The options are rotated in and out, as one month’s options expire and then a new month is added on.

Over the past several weeks we’ve seen a dip in the price of gold. After reaching and surpassing the $1000 mark in March, gold has eased a bit in light of some conservative Fed forecasting. But does that mean that the crisis is over and gold will be steadily falling? Hardly.

How does a bank work? In very simple terms, a bank collects deposits from savers, and lends the money to borrowers. It pays interest on the deposits, charges a higher rate of interest on what it lends, and keeps the difference as profit.

The doves are out in force. The Bank of England’s Monetary Policy Committee (MPC) meets tomorrow, and an interest rate cut is most definitely on the agenda.