One recurring theme observed throughout the oil rally since the February 13 year lows, has been increasingly more aggressive hedging action by producers, who are willing to give up upside gains in order to protect from yet another swoon lower in prices. And, as Goldman cautions in its latest note on ongoing imbalances in the oil market, "the rally in long-dated prices has taken prices to levels ($50/bbl in 2017) where hedging activity is ramping up which suggests it will soon stall."

In a word... "yes," VIX is too low based on the fundamentals underlying the economy, according to Goldman Sachs.

Police in a Chicago suberb are searching for Irish singer, song writer Sinead O’Connor who has been reported missing for more than a day. The Police were called after O’Connor “left the Wilmette area” for a bicycle ride on Sunday morning at 6am and had not returned. According to TMZ, the Irish singer has been classified as “missing suicidal.” RT reports: According to a police statement, the singer left the area at 6 a.m. Sunday but has not yet returned.

Submitted by Ingrid Carlqvist via The Gatestone Institute,

• The library in Arvika surprised patrons by offering Arabic language courses. Many Swedes wondered if offering courses in Swedish to the Arabic-speaking immigrants would not be more productive. The library, however, does not offer any such service.

In recent days we have witnessed a massive outflow from virtually all holders of stocks. Just last week we reported that retail had just dumped the most stocks in the past 5 weeks since the August 2011 US downgrade...

... confirming a long-running trend observed with BofA smart money clients who, as we also reported last week, have sold stocks for 15 of the past 15 weeks, the longest selling stretch on record.

This has repeatedly prompted many to wonder who is buying.