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an uncontrolled Greek collapse which i would argue given the trajectory of events since Germany claimed that "Greece would only cost them 5 billion" must be considered given. What i fail to understand is the connection from Europe to our vix...but there does appear to be an extraordinary connection since where is there in the US market anything justifying the current level of our volatility index? I leave it to you obviously since your more of a student of this metric and it is something that has simply caught my eye because the US market seems to be energized by the volatility and not brought down by it. Empirically (or philosophically as is my bent) speaking i see nothing to prove that the market would move one way or another relative to a "volatility index"--the fact that the over-all market wouldn't move down but instead feel energized by it would show there is an enormous amount of superior expertise as work among market participants would it not? And if we're talking an "uber-munchen" at work then wouldn't this be a bullish indicator? Just a few thoughts. Nice article.
EFSF Isn't Big Enough to Handle Bank Crisis
Oct. 6 (Bloomberg) -- Ansgar Belke, chair for macroeconomics at the University of Duisberg-Essen, discusses European Central Bank monetary policy and the region's debt crisis. Belke, speaking with David Tweed in Berlin on Bloomberg Television's "Countdown," also talks about Italy's Mario Draghi, successor to Jean-Claude Trichet as head of the ECB.
"That blows away the intra-day high of 89.53 reached on October 24, 2011 at the height to the last crash"
-> Expectation slip
Edit: first served!
the age of envy has ignited. when will the fire burn it's self out?
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