Its a simple buyers' strike, the result of many market factors unrelated to NOT. Oil was strong today, but even the energy stocks did not even respond. With the US mortgage market still largely frozen, the housing market following suit, and the new CNBC theory that the fed not lowering rates further will be good for the economy by reducing oil prices, no wonder investors are hiding their wallets.! In reality, this too shall pass (along with earnings season), and prices will adjust to realities, including the price of NOT . Patience.