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Be Careful With the VIX Signal
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Don't think a Yen move from 103.75 to 95 is indicative of a very complacent market, a 16 VIX implies daily changes of 1% in the SPX - looks highish to about right.
Eventually this market will crash, but is it from 1561, 1680 or 1950?
http://www.zerohedge.com/contributed/2013-03-16/all-aboard-equity-elevat...
From Merriam-Webster...
complacency - : self-satisfaction especially when accompanied by unawareness of actual dangers or deficiencies
I don't believe anyone on ZeroHedge is complacent. I believe that thanks to this site, we are all AWARE of actual dangers or deficiencies. I basically feel like I just lit an M-80. The wick burned down till I don't hear or see anything. Is it ok? Should I kick it? Hell no! I'm not getting near that fricken thing...who knows when it's gonna go off.
Thanks for that.
Volatility is definitely there.
Whether or not the VIX is indicative I'm not sure, but I can feel it in me' bones!
I usually follow UVXY a couple times throughout the day, and look at the VIX around mkt close, and it's simply amazing how high a % of the time the VIX daily graph goes from upper left to lower right, ending at the LOD (oftentimes with a literal spike lower).
But Vix is for kids! (used to be a poster on ZH with this name)
Everything is ok...Calculated Risk says so.