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Where is the Vol?
Once again we find ourselves in a market of complacency. The VIX closed at 12.66 today which puts it in about the 13th percentile since 1990:
- Nothing to see here!
What is fun to notice in this all-time high flying market is that the 20 day trailing volatility is 15.6% while the 10 day is 9.8% and the 50-100 day are 11-12%. So basically the VIX is telling you that the little risk flare a few weeks back was nothing but a fluke:
So riddle me this - Is the 10 year treasury at 1.76% telling me
- that bonds are an inferior investment and we should all be plowing into equities
- that QE is an infinite cure to the common cold and interest rates no longer matter (so plow into equities)
- that a 1.76% yield combined with 1.5% inflation might just predict a rather sour economic environment
Thank you Ben and fellow global central bankers, you have succeeded in luring the sheep back into the chase for yield in one final and glorious conclusion. Bravo!
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The volume is @ the amount of bullshit spewing from the pie-holes of financial 'news' teleprompter reading 'reporters.'
The market will go down when the last sucker has been dragged in.
The market is on crack. And will continue through the mid year elections. Bennie is all for Obama and a Dem win.
You got it backwards. I don't think this can last to the midterms without a big correction. But that is OK with Obama. A rising market won't win the midterms for his party, but a crashing one might. Just imagine that the DOW is at 36000 in late summer of 2014, and then crashes in September, on the 6th anniversary of Lehman. It goes down so fast that only the HFTs can trade during the milliseconds that the market is open. The public will be in a state of absolute panic. They won't care which party is to blame. They will want big mommy government to guarantee then food, clothing, and a roof over their heads. In other words, there will be a panicked stampede into voting for Democrats.
Your point here is MUCH MORE significant and pertinent than many may realize----the market takedown of 2008, and the pump since that time has much more to do with the "agenda" for which Obama is the spokesperson than most realize or want to admit.
the northeastern nazi lords of which obama is their tool have decided to implode america and we have to deal with it. the mob banker/commerce sec and the cartel of bankers that play golf with our king are happy. 100 trading days n,on down....banks are in it to make money and bernacke is making them happy obama is always on vacation with his man love he is a tool. end the reign of the bankers you end the miserable yankee sway over the world.
"end the reign of the bankers you end the miserable yankee sway over the world"
You are 100% spot on; the problem is I think most people now realize this---BUT, either DON'T CARE or don’t have the balls to do anything about it. Yes, it seems that as long as the masses get their printed from nothing fiat dollars they would rather not know the details. Sure, most people these days----at least except for the average college student----realize that the Federal Reserve is a private, off shore criminal bank. The problem is the people who can make a difference, that is, the people who have the necessary power, money, and influence, are all left wing progressive collectivists who have benefited from the criminal Federal Reserve System and now wish to close the door shut on American opportunity so that they can relax and have no competition. People like the phony Buffet, the freak Gates, that worm PayPal founder Thiel, ALL THE control freak progressives at Google, the effeminates at Microsoft, the criminals in banking, the anti-American socialists in Education, the criminals in government, heck, all the elitist socialist/collectivist that have benefited so greatly from the technology revolution and who hate America and everything it stands for---well, they are NOT GOING TO LET THE CRIMINAL CARTEL THAT PROTECTS THEM AND FEEDS THEM go away and the fed knows this. That is why they will not turn off the money spigot of free money to their preferred collectivist friends.
It really has become self-enforcing and that can be seen by the fact that so many of us shout from the rooftops about the criminal cartel and all we end up with is more in your face money printing. These criminals have gotten more bold, not less. No, we are going into full-on feudalism where the elites will live in their protected enclaves and the rest of us will fight it out in "hunger games". Sounds crazy but just look at the dow-----straight up for 89 days all led by Federal Reserve money printing and while a few may acknowledge what is happening they simply do not care. Remember, money printing and inflation benefit those in power while punishing the real productive class. Some say this cannot continue but what they don't realize is it can go on MUCH, MUCH longer than you can stay alive (yes that is a pun on it can go longer than you can stay solvent). The fact is it took hundreds of years for the Romans to crash and burn even with their debauchery of the currency and imperial crimes. While Amerika is much more criminal and corrupt at this point than Rome was at her end, Amerika has much more tools and technology to shut down dissenters. Look at what Amerika did to Ghaddafi when he decided to only accept Gold for his oil---they killed him and took his gold. And we have done this over and over again. Iran isn’t about nukes---it is about the criminal printed out of nothing fiat dollar----it is ALL ABOUT OUR CRIMINAL FINANCIAL SYSTEM and the rest is just noise. The Federal Reserve uses printed out of nothing dollars to steal its enemies productive resources and uses those to enrich its criminal cabal. It is that simple, yet, nobody does a damn thing about it.
Obama was right---"change" was coming. Amerika has gone from a beacon of light to a full blown Banana Republik in less than 100 years. The criminal off-shore central banks will redistribute 95% of America's wealth to themselves and their friends and the remainder will be given to their preferred social classes, mainly non-educated illegals, etc. ---those who will continue to vote for the collectivist kleptocrats who enslave us with their small penises and control freak demeanors.
People, ONLY A VIOLENT revolution will change this, and sadly, the average American male has no penis anymore so the last one out don't bother turning out the lights---fuck em they can afford their inflated energy bills---they can just print the money to pay for it.
So riddle me this -
http://www.artemiscm.com/wp-content/uploads/2012/10/ArtemisVegaQ32012_Vo...
Sorted.
Any questions? The market is VERY FAR from being complacent.
Stocks? I am waiting for more food stamps.
The vol should work its way into other markets, markets where the Ny Fed can't sell 200,000 puts every time the futures fall to support.
Everyone keeps saying the market is on crack. This guy is on the money ==> THIS MARKET IS ON CRACK
Well I guess the market is on crack sort of, but its a government who are providing the paraphonailia and crack rocks, and saying HERE SMOKE THIS! haha.
The market will never EVER go down, until the QE pumping and liquid funds that keep coming through the market stop, and I cannot really see a sign of that yet.
1700 here we come (i.e. on the S&P 500) :-) lock and load peepz!!!
" The Market " is History, what we have now in place of markets are tools of the Central Bankers. Look at what happened in Japan when the Bankers took over a few months ago, straight up just like Bens markets.
Close the windows, we are going to pass.
Only VW bus owners will know the saying.
If pass gas, most motorist is OPEN window not close... or is reference to chooming custom of Obama?
You know the old saying..........the bus moves faster with fewer passengers.
But, if throw too many passenger under bus, road trip is get turbulent... better to strap on top for time being.