Beware: The market’s ‘crystal ball’ just turned from bullish to bearish

From Jeff Clark, Editor, Stansberry Short Report:

Once again, the stock market’s crystal ball proved to be deadly accurate.

About a month ago, I wrote that the option premiums on the Volatility Index (“VIX”) were slanted highly in favor of a lower VIX.

And because a lower VIX usually means a higher stock market, I argued the market’s crystal ball – VIX option prices – was predicting a rally in stocks…

Here’s what I wrote…

The price difference isn’t enough to suggest that we’re about to see a rip-roaring stock market rally. But it is enough of a difference to suggest the S&P 500 could put on a decent bounce over the next month or two – perhaps back up to the 20-month exponential moving average near 1,970.

We got that rally… and then some. The S&P 500 closed at 2,000 last Friday. The index gained 170 points – or 9.3% –…

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