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What Does VIX Know?
A funny thing happened as US equity indices pushed to new highs - levered this time by Bond and FX markets - and following the new normal US-Open-to-EU-Close pattern. VIX, that much talked-about contemporaneous indicator of concern (or complacency) took a divergent dive. Different this time? Maybe... Or are all those downside call-writers covering their levered losses and forced buy-ins in AAPL? Seems like that initial burst of recovery is fading fast now as AAPL drops back below its VWAP.
The normal day-pattern continues for S&P 500 futures...
HY and volatility did not play along early...
and VIX is notably divergent now...
and AAPL is fading now...
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Q: Just what kind of APPL is this?
A: Red delicious
We need a dedicated AAPL thread today to compile how brutally this impacted the momo hedgies.
Also can we have another gun thread so I can go on a profanity laced rant against Diane Feinstein after her shenanigans today?
I agree Redpill. I'd love to see a list of Hedgies and Mutual funds that are stuffed to the gills with some red delicious. Pension funds would be just as fun too.
Wapner: Oh shit! The S&P is taking a crap!
Mandy: What will we tell the muppets?
Liesman: Hey Mandy, just show some cleavage!
Mandy: How about I make another faux-pas about "Down Under"
http://www.youtube.com/watch?v=zfvzs_k2Jos
I created my own little index.
X = VIX / @YG
Anyone care to guess where this has headed today?
> so I can go on a profanity laced rant against Diane Feinstein
Di-Fi is one motherfuckingassholeshitfacedbufoondickheadpieceofshitfucker!
And fuck you Bernanke!
diane feinstein rubber masks:
http://tinyurl.com/3bh6hnm
That her face or vag?
Both, it's a yoga position
I hear moaning and bitching from some Dems I know. I like to rub their face in their own personal dog shit. They voted for this. They shat all over.
F them, F TV and F Hollywood.
This may help. 65% of APPL is institutionally held. Lots of hedgies and pensions. The heading for the 95 new holders who bought as of the 13F 9/30/2012 filing period is fun to read. Those guys got in right on time.
http://www.nasdaq.com/symbol/aapl/institutional-holdings#.UQF9SuS7O1h
I was going to say a "rotten APPL", but that was just too easy.
Armstrong has been calling today "directional change" .. and since it has been going up, changing direction means goes back down starting today.
I think the muppets have begun to re enter. The grand experiment to see how many times retail Joe will take a bat to the head and keep coming back for more is once again proving it can keep happening. Should be funny to watch from here.
Yup, as i said yesterday - the BBC radio 4 station did a `moneybox` phone in prog yesterday. Almost all the calls were widows and orphan types desperate to know how to get into the market and not `miss out`
- should I buy an ETF?
-should I but a tracker?
- well I dont know much about the stock market but my brother in law says its going up
needless to say the panel of `experts` were more than jappy to point them in the direction of the fleecing sheds.
You took that bat and slammed the nail into the head. Joe is a stupid fuck.
What does this index know? The best I got is that in order to book a profit (even in a manipulated market) you still need to sell.
But I digress, there are no "markets" for true price discovery.
Bingo. Reason you hear Dimon, et al talking up stocks. They need some suckers to realize their "paper" gains. Then they'll short the market to sodomize the sheeple.
Everyone knows the VIX is one of the greatest shorts around. While Bernanke and the Fed continue to have their banks buy any downturn it's guaranteed money.
It's been one of the most profitable shorts to date.
pennies in front of a steam roller at this point
I was looking at tlt, if the market goes up now the bond bubble bursts
dcb that plays into my black swan this year. Bernak resigns for medical reasons. He knows this market can't keep going up without people dumping their bond funds. Then he stops QE? Bwahahaha. Rates get away from them. His only saving grace is a big market dump. Which is certainly possible.
Rates will never get away from the FED as long as :
1. there is no accountability for what is in their balance sheet and
2. all it takes to buy Govies is the press of a button
You gotta take the trade of SP back to 1500 by the close. Seems like a lock. Although it's getting late in Davos and perhaps the folks who have to give the ramp order are too hammered on bubbly and blow and viagra.
The folks from Davos are going to be making some whispered phone calls back to their henchmen to sell the rally in equities and buy gold and silver!!!!
Now that mission 1500 has been accomplished, it's time for "them" to unwind long and rewind short for a few weeks?
The US finacial sytem is an outright fraud and none of this makes sense anymore to anyone
Maybe these repeated intra-day S&P / VIX divergence comparisons would be more insightful if the sample size wasn't one day and the results were given afterwards.
vix not behaving today, either the jig is up, or the algo-bots are just warming up to smash it down again
This market is overbought. I went short a few contracts. Felt like they were practically begging me too. Anyway, it should take at least a little break from just hitting 1500.
Damn, now I have to watch the market to know when to cover. Hope it isn't tomorrow LOL!
Could someone please step out to the middle of the floor of the exchange and yell "FIRE" as loud a possible? Thanks.
J.P Morgan takes your deposits and trades with them to ramp up market. The the foolish guy who doesnt know his money is being speculated with withdraws tha same money and puts it into the market...then J.P. Morgan takes that money straight out....nice little bait and switch...Using your own money to make you get into the market with your own money....
just as deposit insurance limits are reduced :-)
The employed to dow points ratio is now below 12. The last two times (2000,2007) this happened we had a 25%-30% correction.
That's a new one on me; got a source for it?
Just take the count of the employed divided by the dow.
http://postimage.org/image/b6k6gnpaj/
That was before Bernankie took over market control so massively. Going short 25% in a gamed market is risky for me.
May 22, 2007. The last time the VIX traded at 12.30, where it's been hitting the last few days. Oh, those were the days!
What a co-inka-dink! The S&P 500 closed at 1,524 that day, which a few months later was the lover's leap of the crash.