The Volatility Index or VIX has dropped below 25 on this volatile options expiration Friday. The VIX has not been this low since September 11, 2008. I think the VIX at these levels is a very bullish sign for the stock market. However if we finish down (significantly) on both the Stock Market and the Volatility Index, I believe a short term correction will come sooner rather than later.
See the VIX charted below (click to enlarge).

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