Falling T-Bill Yield Points to Sickly Market Action

Many days, there's a good tell that helps give guidance to the tone of the market. Sometimes, it's been important to watch the VIX Volatility Index. In the past few days, I often find myself looking at the 3-month Treasury Bill yield (symbol $IRX on StockCharts.com). Yesterday, it plummeted most of the day - despite the Fed move. Today, it's continued its steady collapse all day. See a daily chart here. (The intraday chart, available to subscribers, shows what I'm saying better.) Not a good sign.