EMOTION MOVING MARKETS NOW: 13/100 EXTREME FEAR PREVIOUS CLOSE: 14/100 EXTREME FEAR ONE WEEK AGO: 10/100 EXTREME FEAR ONE MONTH AGO: 11/100 EXTREME FEAR ONE YEAR AGO: 43/100 FEAR Put and Call Options: EXTREME FEAR During the last five trading days, volume in put options has lagged volume in call options by 15.22% 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 extreme fear on the part of investors. Market Volatility: NEUTRAL The CBOE Volatility Index (VIX) is at 24.25. This is a neutral reading and indicates that market risks appear low. Stock Price Strength: EXTREME FEAR The number of stocks hitting 52-week lows exceeds the number hitting highs and is at the lower end of its range, indicating extreme 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) MEME OF THE DAY – HEY GIRL… UNUSUAL ACTIVITY TEVA SEP 63 CALL Activity 850+ @$.72 on offer TSCO OCT 85 Put Activity @ 2.30 on the offer ESRX NOV 95 CALL ACTIVITY on the OFFER @$.75 .. 1750 block VTL purchase 4k @ 3.07, 2k @ 3.1, 2k @ 3.16, 6k @ 3.04 CONN .. SC 13G/A Filed by Tourbillon Capital Partners .. 8.9% NVET Director P 10,000 A $ 4.786v More Unusual Activity…HEADLINES Malcolm Turnbull becomes Australian PM after Abbott ousted NY Fed: Consumers Expect Lower Short- and Medium-Term Inflation Opec raises 2015 global oil demand growth forecast, cuts 2016 Genscape data shows a potential inventory draw --ForexLive ECB PSPP: +13.022bn to EUR314.469bn (prev +11.91bn to 301.447bn) ECB CBPP: +3.892bn to EUR116.107bn (prev +1.099bn to 112.215bn) ECB ABSPP: +366m to EUR11.86bn (prev +382m to 11.494bn) ECB Bonnici: Too early to decide on new stimulus ECB Weidmann: Data shows need for steady hand ECB Coeure: Euro members need to share more sovereignty on economic policy CA Teranet/National Bank HPI (YoY) (Aug): 5.40% (prev 5.10%) ESMA raises its market risk indicator to highest level BIS Highlights Trouble Spots for Global Economy --WSJ S&P: US rate hikes will bring volatility to EMs GOVERNMENTS/CENTRAL BANKS Malcolm Turnbull becomes Australian PM after Abbott ousted --Rtrs NY Fed: Consumers Expect Lower Short- and Medium-Term Inflation ECB Bonnici: It's 'Too Early' To Decide On New Stimulus --ForexLive ECB Coeure: Euro members need to share more sovereignty on economic policy --BBG ECB Weidmann: Data Shows The Need For A Steady Hand -- ForexLive ECB Review Of Greek Banks Under Way, Could Be Done End-October --BBG Draghi seen expanding QE by economists fearing shallow recovery --BBG Poll Bloomberg survey of economists has the majority seeing the ECB raising QE --ForexLive BoE Weale: Rates Will Rise Relatively Soon --Rtrs EU Dijsselbloem: Eurozone Must Share More Banking Risks --Rtrs Riksbank Gov Ingves Sees Flaws In Crisis-Busting Tools --FT Syriza and ND deadlocked in polls --Kathimerini GEOPOLITICS Russian Envoy: Syria seeks peace conference in Moscow --BBG French President Hollande: French airstrikes will be necessary in Syria --Rtrs MARKETS RISK WARNINGS: ESMA raises its market risk indicator to highest level BIS Highlights Trouble Spots for Global Economy --WSJ FIXED INCOME ECB PSPP: +13.022bn to EUR314.469bn (prev +11.91bn to 301.447bn) ECB CBPP: +3.892bn to EUR116.107bn (prev +1.099bn to 112.215bn) ECB ABSPP: +366m to EUR11.86bn (prev +382m to 11.494bn) PBOC allows liquidity injection tools in interbank market --MNI Italy Public Debt At E2.199.2 Trillion in July, State Revs Rise --MNI UK households are sitting on a £173bn debt time bomb --Mail CORPORATES: Sanofi tests waters with chunky offer --IFR FX EM FX: EM currencies tumble back to 2002 levels --FT HKD: HKMA sells $6.59bn to market to bolster HKD within trading band --Rtrs JPY and EUR COMMENT: Goldman says QE to weigh on yen and euro as Fed holds this week --BBG ENERGY/COMMODITIES WTI futures settle -1.4% at $44.00 per barrel Brent futures settle -3.7% at $46.37 per barrel CRUDE: Opec raises 2015 global oil demand growth forecast, cuts 2016 estimate CRUDE: Genscape data shows a potential inventory draw --ForexLive CRUDE: Moody's: Sustained overcapacity, low oil prices will pressure global offshore drillers through 2017 METALS: Copper Slides, China Data Reinforces Demand Fears --CNBC GASOLINE: Gasoline Leads Oil Prices Lower --WSJ EQUITIES S&P 500 provisionally closes -0.4% at 1,952 DJIA provisionally closes -0.4% at 16,370 Nasdaq provisionally closes -0.4% at 4,805 M&A: Mylan commences offer to acquire Perrigo M&A: Oil Search Turns Down Woodside's $8bn Takeover Plan --Rtrs M&A: Solera Agrees To $6.5Bln Acquisition By Vista Equity Affiliate --MW M&A: Qualcomm Acquires Capsule, No Terms Disclosed --Forbes M&A: Trinity Mirror in talks to buy rival Local World --Rtrs RETAIL: Alibaba blasts Barron's story that warns of 50% stock drop --MW TECH: Apple says iPhone pre-orders are looking good --CNBC TECH: Nintendo Names Tatsumi Kimishima As President to Succeed Iwata --BBG TECH: Facebook Looks to Bring Virtual Reality to Mobile Devices BANKS: Bank Of America Officials Worried About Moynihan Vote --WSJ BANKS: Credit Suisse Said Nearing $80 Million Settlement Over Dark Pool --BBG BANKS: Deutsche Bank to cut workforce by a quarter --Rtrs sources BANKS: Deutsche Bank Prepares To Shut Russian Operations --Rtrs source AUTOS: Ford Europe Post 12% Increase In Sales For August --BBG AUTOS: Porsche and Audi unveil electric cars to take on Tesla --Rtrs CRA: Moody's changes outlook on E.ON's Baa1 rating to negative INDUSTRIALS: Airbus Set to Open Jetliner Production Plant in the US --WSJ EMERGING MARKETS CHINA: PBOC Ma Jun: Chinese Economy Will Do Better Than Market Expectations --Forexlive CHINA: China Banks Sell Massive CNY723.8 Bln In Forex In August --MNI CHINA: China seizes up to $157bn of unspent local government budgets --Rtrs S&P: US rate hikes will bring volatility to EMs CHINA: Bank lending accelerates in China --FT MALAYSIA: Malaysia central bank keeps rate on hold --MW