The markets may finally be about to change direction after six months of rallying, a dwindling VIX and little new news of European debt woes. Friday’s jobs report was not great, equity futures fell, the yield on the 10-year Treasury is falling again, and murmurings of European debt woes are re-emerging after a not so stellar Spanish bonds auction. I tend to subscribe to the conspiracy that in an election year, the market won’t be “allowed” to fall too far, but we are due for a pull back, and I’ve taken an options position accordingly. Subscribers are welcome to check out my current options position.