People are trading more out of fear

There is too much fear. There is not any announcement and if you look at the rollover numbers, the fears about rollovers not happening are a little big exaggerated and Asset Advisers find that is okay. They may be short buy say 5-7% from what is the 3-month average, typically stock futures get rolled somewhere around 75-80%.

Yesterday it was about 60% and typically on the last day about 10-15% additionally gets rolled over. So instead of 80%, we may do 75% but that is not like the end of the world kind of portrayal which is being spoken about all over.

These fears of huge sell-offs at the close are vastly exaggerated. The market certainly is not showing any signs of that. We do not have any leader stocks really tanking there is no front running and there is no major fearful unloading.

There is not too much built up position from retail side which is typically the weak holding. So, all these fears are exaggerated, people are trading more out of fear and there seems to be a lack of volume which is really leading to little bit of volatility. You might have some bit of increased volatility but it is nowhere near what is being bruited about and what is being feared.