EMOTION MOVING MARKETS NOW: 38/100 FEAR PREVIOUS CLOSE: 44/100 FEAR ONE WEEK AGO: 30/100 FEAR ONE MONTH AGO: 14/100 EXTREME FEAR ONE YEAR AGO: 0/100 EXTREME FEAR Put and Call Options: FEAR During the last five trading days, volume in put options has lagged volume in call options by 26.86% as investors make bullish bets in their portfolios. However, this is still among the highest levels of put buying seen during the last two years, indicating fear on the part of investors. Market Volatility: NEUTRAL The CBOE Volatility Index (VIX) is at 17.67. This is a neutral reading and indicates that market risks appear low. Stock Price Strength: FEAR The number of stocks hitting 52-week lows exceeds the number hitting highs and is at the lower end of its range, indicating fear. PIVOT POINTS EURUSD | GBPUSD | USDJPY | USDCAD | AUDUSD | EURJPY | EURCHF | EURGBP| GBPJPY | NZDUSD | USDCHF | EURAUD | AUDJPY S&P 500 (ES) | NASDAQ 100 (NQ) | DOW 30 (YM) | RUSSELL 2000 (TF) | Euro (6E) |Pound (6B) EUROSTOXX 50 (FESX) | DAX 30 (FDAX) | BOBL (FGBM) | SCHATZ (FGBS) | BUND (FGBL) CRUDE OIL (CL) | GOLD (GC) | 10 YR T NOTE | 2 YR T NOTE | 5 YR T NOTE | 30 YR TREASURY BOND | SOYBEANS | CORN MEME OF THE DAY – WHEN DR. T SPEAKS… UNUSUAL ACTIVITY VXX OCT WEEKLY4 21.5 CALLS7K+ @$.58 LOCK NOV 8 PUT Activity on the BID side LULU NOV 55 CALL Activity 2500 block @$1.20 on offer EDGE SC 13D Filed by NEW LEAF Ventures .. 8.2% TROX .. SC 13G Filed by Putnam Investments .. 13.2% More Unusual Activity… HEADLINES Fed's Bullard: Liftoff is appropriate despite challenges Fed's Tarullo: US Rate hike likely not appropriate Ex-Fed's Fisher: FOMC has egg on its face Fed Discount Rate Mins: 8 votes to hike rate to 1% (vs 5 in July) NY Fed: Consumers See Lower Inflation, Spending Growth --BBG US NFIB Small Business Optimism Sep: 96.1 (est 95.5; prev 95.9) ECB's Mersch: Near-term inflation may continue to hover near zero BoE new boy Vlieghe says weak inflation may delay rate rise BoE's McCafferty: Downside pressures in prices seen as transitory Venezuela: Opec technical meeting to be held 21/Oct in Vienna; non-opec members Brazil, Russia, Norway among invitees GOVERNMENTS/CENTRAL BANKS Fed's Bullard: Liftoff is appropriate despite challenges --ForexLive Ex-Fed's Fisher: FOMC has egg on its face --CNBC Fed's Tarullo: Rate hike likely not appropriate --CNBC NY Fed: Consumers See Lower Inflation, Spending Growth --BBG Fed Discount Rate Mins: 8 votes to hike rate to 1% (vs 5 in July) Fed Discount Rate Mins: 3 voted to hold discount rate at 0.75% Fed Discount Rate Mins: Minneapolis again voted to cut discount rate to 0.5% ECB's Mersch: Near-term inflation may continue to hover near zero --Rtrs BoE new boy Vlieghe says weak inflation may delay rate rise --MW BOE's McCafferty wants rates at a level that they can cut again --ForexLive BoE's McCafferty: Downside pressures in prices seen as transitory --FXstreet FIXED INCOME Prices rise on growth fears, bets on later Fed rate hike --Rtrs Treasuries Wilder Than Ever as Ultrafast Bond Traders Rise Up --BBG Italian-German Bond Yield Spread Narrows to Least Since April --BBG China picks London for renminbi debt issue --Eftee Putin: IMF should provide additional $3 bln loan to Ukraine to repay its debt to Russia --TASS FX USD: Dollar bulls vexed by Federal Reserve rate outlook --FT COMMODITY FX: Weak Chinese data bogs down commodity FX --ET CNY: PBoC fixed yuan higher for an 8th straight day --FT GBP: Deflation takes pound down after M&A lift --FT ENERGY/COMMODITIES Venezuela: Opec technical meeting to be held 21/Oct in Vienna; non-opec members Brazil, Russia, Norway among invitees WTI futures settle 0.9% lower at $46.66 per barrel CRUDE: IEA: Oil market glut will persist through 2016 as demand growth slows --FT METALS: Copper Prices Fall After Weaker-Than-Expected Chinese Import Data --WSJ EXCHANGES: China's largest commodities exchange to build intl platform --FT USDA: NZ milk production seen declining --BBG EIA Drilling Productivity Report for October EQUITIES EARNINGS: J&J got slammed by the strong dollar again --BI EARNINGS: J&J plans to buy back shares up to $10bn --Yahoo M&A: GE to sell $30 bln specialty finance business to Wells Fargo --Rtrs M&A: Diageo to announce sale of wines unit --Sky M&A: EMC to pay Dell $2 billion as breakup fee in go-shop period --Yahoo LEGAL: SEC Prepares Civil Charges Against Mondelez in Cadbury Probe --WSJ AUTOS: Volkswagen announces ?750m spending cuts to fund product revamp --Guradian AUTOS: VW gloom hits German economic sentiment --FT PRIVATISATION: UK government sells ?591m stake in Royal Mail --FT TECH: Twitter Slashing Costs With Workforce Layoffs --Sky TECH: Bloomberg: U.S. Wants To End Apple E-Book Antitrust Monitoring --Nasdaq BANKS: Citi dials down risky block trading amid market turmoil --Rtrs EMERGING MARKETS Economists gloomier on Brazil's inflation outlook --FT