The 'VIC'...a New Fear Indicator

I am hearing a lot of chatter about the VIX being high and that fear is in the air.

I don’t think the VIX is accounting for either ‘The VIC’ or the ‘VIG’ for that matter.

VIC is the idiot homebuyer that is just as responsible for this mess as the imbicile lenders. VIC is about to destroy property values in your neighborhood when he ‘hits the bid’ on his home next year after the ‘reset’ on his ARM. VIC is an idiot for the most part. VIC therefore does not know fear and is hard to account for in ‘The VIX’.

You see ‘The VIG’ that the banks think they will receive from the interest ‘reset’ may just be too much for ‘The VIC’ and the ‘VIX’ may just be useless when ‘VIC’s’ shit hits the fans.

Disclosure- Friends with many ‘VICS’s.