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WTF Chart Of The Day: VIX Slamdown Edition

Tyler Durden's picture




 

WTF was this!!??

 

Apparently pummeling the close is only illegal if its leads to lower stock prices... or, somehow, higher gold.

 

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Mon, 12/09/2013 - 17:29 | 4230531 el-kalif
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Carry? 

Mon, 12/09/2013 - 18:34 | 4230720 NoDebt
NoDebt's picture

Is it any wonder large institutions are now doing "top floor" trades?  (ZH article earlier today- it's where they trade directly between themselves instead of through ANY exchange)  

If that isn't the "big boys" agreeing with ZH that the 'markets' have become a maggot-infested cesspool, I don't know what is.

Mon, 12/09/2013 - 19:35 | 4230898 Alea Iactaest
Alea Iactaest's picture

Is that what the white shoes call "dark pools" now? Of course it sounds so much more gentlemanly. You can just hear them at the club.

"So Tripp, did you conduct any Top Floor trades today?"

"Why yes, Winthrop, I did."

Mon, 12/09/2013 - 21:15 | 4231245 Ban KKiller
Ban KKiller's picture

Maggots take offense...if nobody has said so. 

Mon, 12/09/2013 - 19:33 | 4230896 Itch
Itch's picture

No, wealth transmission mechanism.  

Mon, 12/09/2013 - 19:38 | 4230907 spastic_colon
spastic_colon's picture

it's so when the market "corrects" 20 points it will look like a lot in VIX terms

 

What day do VXX and VXZ roll their contracts?

Mon, 12/09/2013 - 21:39 | 4231287 Itch
Itch's picture

No idea mate, i have no need for them - if i need to hedge something i just take it off and forget about it. I don't look to hedge volatility, i look at it as a chance to make money and welcome it when it comes.

Mon, 12/09/2013 - 17:29 | 4230533 DavidC
DavidC's picture

An erection?

DavidC

Mon, 12/09/2013 - 17:37 | 4230557 Quus Ant
Quus Ant's picture

If you experience an erection lasting longer than four years consult your doctor.

 

Paging Dr. Bernanke.........

Mon, 12/09/2013 - 18:06 | 4230654 SemperFord
SemperFord's picture

If your erection lasts longer than 4 hours tell your wife to bring a friend!

 

(Some other zerohedger said that weeks ago)

Mon, 12/09/2013 - 18:14 | 4230666 Quus Ant
Quus Ant's picture

Yeah, I'm always telling my wife she needs more friends.  I should just come out and say she needs hotter friends.

Mon, 12/09/2013 - 18:12 | 4230667 fonestar
fonestar's picture

All of your "markets" look like a joke to fonestar now.  I just keep buying more physical silver and more Bitcoin.

I am so grateful for becoming one with the satoshis.  I used to be like you once (thinking it was only about the silver and gold) and then the satoshis showed me a short forty-eight hour educational video while strapped to a chair.  Ever since then I have never looked back.

Mon, 12/09/2013 - 18:18 | 4230677 Quus Ant
Quus Ant's picture

I used to be like you- thinking it was all about bitcoin and silver. 

Then a woman in New Orleans strapped me into a chair and gave me a 48 hour education.

I look back often.

Mon, 12/09/2013 - 18:46 | 4230742 NoDebt
NoDebt's picture

Now I know who Fonestar is.  He's Bill Ackman.  A "true believer" in his chosen investment with an ego the size of Texas about it (no offense to Texas).

Fonestar- you should do yourself a favor and go read up on Ackman and his "to the ends of the earth" position with Herbalife that's cost him and his clients over 100MM and counting so far.  Has nothing to do with BitCoin, but you might learn something about the dangers of being a "true believer" in anything in the investment world.  You can lose money on anything when you get in that state of mind- a LOT of it.  It introduces dangerous blind spots where critical thinking should be.

Of course, you're not going to listen to any of this because you're a shill.  But some of the people who listen to you (and people like you) might wake up just long enough to realize ANY investment can lose, no matter how deeply you believe in it.

Mon, 12/09/2013 - 18:48 | 4230755 fonestar
fonestar's picture

Why would somebody need to shill for a currency that has no government, no investors, few users,  nothing?  Think about it for two seconds.  If you went over to bitcointalk.org or reddit.com you would find an ultra-hardcore group of true believers in Bitcoin.  But we are not just fanatical for no reason, we are fanatical because of the facts surrounding Bitcoin and its potential.

Mon, 12/09/2013 - 18:50 | 4230766 akak
akak's picture

 

Why would somebody need to shill for a currency that has no government, no investors, few users,  nothing?

That is a question I have asked myself every time I have seen one of your posts in the last few months.

We are waiting for your answer.

Mon, 12/09/2013 - 19:01 | 4230797 john39
john39's picture

bit coin is a bankster trial balloon for their long awaited digital global fiat currency. one ring to bind them all in the darkness...

Mon, 12/09/2013 - 19:06 | 4230810 fonestar
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That's not true John.  People are not adopting Bitcoin because it is convenient (like credit and debit cards).  They are adopting Bitcoin because of the ideals associated with the currency.

Mon, 12/09/2013 - 19:10 | 4230824 akak
akak's picture

Credit and debit cards are actually LESS convenient than using cash!

If you believe otherwise, you have simply been brainwashed by your overlords to think that what is in THEIR self-interest is actually in your own, in contrast to reality, like most good sheep nowadays.

Mon, 12/09/2013 - 19:16 | 4230846 fonestar
fonestar's picture

I realize that debit and credit cards are less convenient than cash.  Now would you say that Bitcoins are less convenient than waiting in a bank line-up twenty minutes for some dumb old rusty that wants a money-order and doesn't understand "all this new online banking crap"?

Mon, 12/09/2013 - 19:24 | 4230863 akak
akak's picture

I don't bank online, and never will.

It is no coincidence that identity theft has skyrocketed concurrently with the rise of everyday credit card use and online financial transactions.

Mon, 12/09/2013 - 19:33 | 4230894 john39
john39's picture

bitcoin is just a little too clever to be anything other than an inside job by the people who run the system.  a digital fiat currency will be the ultimate weapon of minority control over the masses.  but, before people will accept it, the herd must be acclimated.   so once again, the old 'problem, reaction, solution' trick is rolled out...  and people jump on it as if this is the answer to all our problems.   when in reality, this is just bait...  luring the herd into somthing far worse than the current dying system.

the problem isn't the currency.  the problem is the psychopaths who are in full control.  until they are dealt with, everything else is meaningless.

Mon, 12/09/2013 - 19:38 | 4230905 fonestar
fonestar's picture

You're giving far too much credit to the establishment and far too little credit to the hackers that are undermining them.

Mon, 12/09/2013 - 19:45 | 4230924 nmewn
nmewn's picture

Like the hackers who stole 60 million in BitShit from Sheep Marketplace?

Mon, 12/09/2013 - 19:50 | 4230945 fonestar
fonestar's picture

Maybe they were having a bad day or they were just broke?  How should I know?

Mon, 12/09/2013 - 19:57 | 4230982 nmewn
nmewn's picture

You don't have a problem with websites that cater to BitCoiners, being thieves (or at least incompetent) as well as BitCoiners themselves?

I know fools and their "money" are soon parted but I expected a little more "virtual morality" on your part...lol.

Mon, 12/09/2013 - 20:02 | 4230994 fonestar
fonestar's picture

A lot of hacker types are pretty much morally ambivalent about such things.  If you leave junk laying around someone else might pick it up thinking nobody wanted it.

Mon, 12/09/2013 - 20:05 | 4231019 nmewn
nmewn's picture

So, you're saying hackers stole BitCoins.

My my my...whocoulda ever seen that one coming ;-)

Mon, 12/09/2013 - 21:01 | 4231202 Alpha Monkey
Alpha Monkey's picture

Now that one, I would lend more credence to being the NSA than anarcho-hactivists.  Not saying it isn't the latter, but in my mind I give greater probability to those who have more to gain.  Hackers gain BTC, NSA gain BTC and destroy credibility of the BTC System.

Mon, 12/09/2013 - 21:06 | 4231217 fonestar
fonestar's picture

I think it was neither NSA or hacktivists.  Just a desperate thief who stole people's money.

Mon, 12/09/2013 - 20:57 | 4231181 Alpha Monkey
Alpha Monkey's picture

So, the PTB are the only ones capable of innovation?  Srsly?  The concept of money is not so complex that only bankers, politicians, illuminati, or NSA dweebs can understand it.  Thinking that someone may put technology and money together for the purpose of TRYING to keep it out of banker hands is not that far fetched.  Maybe someone here could have done it, if they were willing to step outside of the gold/silver paradigm and end of world bunkers.  The illuminati want you to think they control everything, I assure you, they don't.  But you are free to believe what you want.

Mon, 12/09/2013 - 20:08 | 4231030 Simplifiedfrisbee
Simplifiedfrisbee's picture

When I began reading ZH over two years ago, the contributions and a select member base provided abundant insight and explained technical financial details that could not be found in any other website.

Now, the majority of those contributors are beating a dead horse and most of the select members have either been banned or have stopped contributing to the ZH "community."

The dwarf star attempting to shine "lite" onto his crypto currency of choice, has alienated ZH in a calculated attempt to discredit the main focus of Zero Hedge from being financial insight to a financial coup d'état.

When the time arrives and your feeble brain becomes conditioned to believe in digital currency like zitcoin, then eventually the best place to store it will be your body. Your a fool to believe in such mechanisms. And to promote that it is free of government intervention is confirmed by your incredulous comments.

I contributed very little but I am thankful for all who contributed valuable information. With that said, I am almost done with Zero Hedge. If I continue, I could take a destructive path and communicate what many others have been banned for. I felt I owed the "community" some words for all that I learned here.

Mon, 12/09/2013 - 20:28 | 4231079 fonestar
fonestar's picture

Well SimpleFriedBee (if that is your real name?), what do you propose the Tyler's do?  Ignore Bitcoin as if it did not exist?  I am sure most of the Bitcoin haters here would love that as inconvenient reality is easily discounted from their pea brains.  And while you're at it, please tell us which currencies exist today that are not digital currencies?  They are all digital currencies.  The battle is now between nationalist currencies and anti-nationalist currencies.  Unlike many here who have yet to grow a pair, I have put my professional reputation on the line standing for the First Anti-Nationalist Non-Bank of Satoshi.

And I've been a contributing member of Zerohedge for over a year longer than you.  When the lulz stopped a rollin', fonestar came a trollin'.

Tue, 12/10/2013 - 15:08 | 4233254 screw face
screw face's picture

.....Bullish

Mon, 12/09/2013 - 19:13 | 4230830 cro_maat
cro_maat's picture

FX traders are not libertarian anarchists. They are trading Bitcoin because the margins are still fat in the early to mid stage of the Bitcoin ponzi. Just remember to cash out before the music stops.

Mon, 12/09/2013 - 19:18 | 4230849 Dutch Knight
Dutch Knight's picture

We in Europe have a game called MONOPOLY, while playing the game the "money" is worth al lot, when finished it is just paper

Mon, 12/09/2013 - 19:13 | 4230827 Keyser
Keyser's picture

I bought bitcoin as a speculative trade. I like to watch it swing 40% in a week. 

Mon, 12/09/2013 - 19:17 | 4230852 fonestar
fonestar's picture

If you own one Bitcoin, you own a hell of a lot of Bitcoins.

Mon, 12/09/2013 - 19:45 | 4230920 nmewn
nmewn's picture

You really have no BitShame do you...does EVERY thread have to turn into a BitCoin pump & dump session?

Mon, 12/09/2013 - 19:50 | 4230935 fonestar
fonestar's picture

I agree.  It would just be far easier for you to embrace Bitcoin.

Mon, 12/09/2013 - 20:02 | 4230995 Quus Ant
Quus Ant's picture

"It puts the bitcoin in its bin, or else Fone kills the thread again."

Mon, 12/09/2013 - 21:05 | 4231221 nmewn
nmewn's picture

I already have, for what it is, not for what it is not.

Mon, 12/09/2013 - 21:43 | 4231296 NoDebt
NoDebt's picture

If I do will you shut the fuck up?

Mon, 12/09/2013 - 19:31 | 4230893 Rock On Roger
Rock On Roger's picture

Bitcoin is exactly that, 'a speculative trade'.

 

But what does any of this bitcoin shit have to do with the VIX erection?

 

Over run by trolls again. (I'm not referring to Keyser)

 

Stack On

Mon, 12/09/2013 - 19:34 | 4230901 fonestar
fonestar's picture

Did all this talk about Bitcoin put a damper on your wee-wee?

Mon, 12/09/2013 - 20:23 | 4231081 Rock On Roger
Rock On Roger's picture

What is a wee-wee?

 

I have a damper on my wood stove. Is there a similar mechanism on a wee-wee?

 

Stack On

Mon, 12/09/2013 - 20:29 | 4231116 Western
Western's picture

I love how Bitcoin is a speculative trade, but the USD is not.

 

Oh and bitcoin is not exactly manipulated, while the VIX clearly was today and most every day. You learn what things are by comparing with things that are not.

 

Or are you just too stupid?

Mon, 12/09/2013 - 21:01 | 4231206 fonestar
fonestar's picture

Good points!  Keeping money in dollars is a sure-fire loser.  Too bad for mind control victims stuck "inside the box".

Mon, 12/09/2013 - 21:59 | 4231329 Rock On Roger
Rock On Roger's picture

Was that a x box, or maybe PS3? Which one did you use for your mind control Fonestar?

Or maybe it was the box that the bene gesserit bitch used with her gom jabbar?

 

Me, I use the green weed, I grew up before the box addiction started.

 

Stack On

Mon, 12/09/2013 - 18:19 | 4230686 negative rates
negative rates's picture

Electrical smoke out the ears was the culpret of your imagination of money.

Mon, 12/09/2013 - 18:21 | 4230689 akak
akak's picture

One could go out and buy an English-to-Fonestar dictionary, but there is really no need, as it only contains two words in it anyway: "bitcoin" and "Satoshi".

Alas, alas, three times alas, just have to bear with it.

Mon, 12/09/2013 - 18:00 | 4230637 Unprepared
Unprepared's picture

Spot the VIX

In roman it means 5 (V) minus 9 (IX) = -14%

Mon, 12/09/2013 - 17:31 | 4230540 booboo
booboo's picture

Adam Smiths Invisible Hand...........job

Mon, 12/09/2013 - 17:33 | 4230543 liberaservitia
liberaservitia's picture

The Norm.

Mon, 12/09/2013 - 17:41 | 4230581 Crash Overide
Crash Overide's picture

WTF?

Mon, 12/09/2013 - 17:32 | 4230544 Kreditanstalt
Kreditanstalt's picture

Someone has been tipped off in advance about Dec. 17ths FOMC meeting taper-talk...

Mon, 12/09/2013 - 17:32 | 4230545 Rainman
Rainman's picture

Tomorrow's scary ass Volcker ruling built that...get out yer crash helmets.

Mon, 12/09/2013 - 18:05 | 4230653 Al Huxley
Al Huxley's picture

Yes, the Volcker rule that the fucking banks have been polishing up for 2 years.  Here's a prediction on the final version - 'Large financial institutions will be given special 'hero medals' and compensation directly tied to the size of their derivatives book.  Those with the largest exposures will be given a special ticker-tape parade through wallstreet, and then be toured through mainstreet, where they'll be given a gas can and allowed to burn down any 10 residential or operating commercial enterprises of their choosing'.  Volcker rule... ha ha ha, good one.

Mon, 12/09/2013 - 18:46 | 4230750 AL_SWEARENGEN
AL_SWEARENGEN's picture

"Gold is the enemy." - Paul Volcker May 12, 2010

Mon, 12/09/2013 - 17:33 | 4230546 TheRideNeverEnds
TheRideNeverEnds's picture

The VIX is finished, going to zero.   They may as well de-list it already because volatility is a thing of the past.  

 

 

 

Mon, 12/09/2013 - 17:33 | 4230547 robilla
robilla's picture

That... oh that's just an efficient market at work

Move on now

Mon, 12/09/2013 - 17:35 | 4230550 Xibalba
Xibalba's picture

VIX = Silver

Mon, 12/09/2013 - 18:58 | 4230790 samcontrol
samcontrol's picture

@shibalba..

really . vix= silver ?..
Maybe you want to pull a uvxy chart against uslv.

the manipulation in the vix is greater.

Mon, 12/09/2013 - 17:36 | 4230552 Its Only Rock N Roll
Its Only Rock N Roll's picture

Can not wait until some former NY Fed desk trader squeals how much VOL they shorted during this "emergency policy period"

Mon, 12/09/2013 - 17:38 | 4230566 whidbey-2
whidbey-2's picture

An error, or mistake, possibly a blunder, or someone kicked the printer??  I don't do technical work, but it is going down and that means someone is feeling better.  Cheers

Mon, 12/09/2013 - 17:48 | 4230596 Al Huxley
Al Huxley's picture

VIX is an antiquated concept in the modern world, like buggy whips.  If there's no volatility thanks to the benevolence of our FED masters, then there's clearly no need for an index to track it.  I'm surprised it's not at 0.

Mon, 12/09/2013 - 17:51 | 4230614 centerline
centerline's picture

It's just measuring background noise now.  Nice... sleep inducing... white noise.  Yawn... ZZZZZZZZ

Mon, 12/09/2013 - 18:00 | 4230644 Al Huxley
Al Huxley's picture

Probably they need it so they can rip suckers off with bogus funds like VXX.

Mon, 12/09/2013 - 18:29 | 4230712 NoDebt
NoDebt's picture

Just backround radiation left over from the Big Bang in 2008/9.

Mon, 12/09/2013 - 17:54 | 4230619 akak
akak's picture

As useless and meaningless as the so-called "US Dollar Index", which has utterly no relevance outside of pro-Establishment, pro-fiat propaganda value at this point.

Mon, 12/09/2013 - 17:53 | 4230611 CounterPartyVice
CounterPartyVice's picture

Pummeling is illegal if it's going against the TPTB interest only, otherwise it's being rewarded with a very nice bonus at the end of the year. Ho, you've been a good boy this year, here's more paper for you.

Mon, 12/09/2013 - 17:57 | 4230622 centerline
centerline's picture

I suppose the real question is what was the change on whatever was just bought on the CBOE?  Presumably a large position...  guessing close in and ITM.

Mon, 12/09/2013 - 17:56 | 4230629 ebworthen
ebworthen's picture

Fat finger.

Is tomorrow a POMO day?

Getting the ramp started early; maybe help out the Asian markets or something.

Mon, 12/09/2013 - 18:16 | 4230675 Colonel Klink
Colonel Klink's picture

The only fat finger around here is the one of corrupt government jammed up our ass.  And by finger, I mean fist!

Mon, 12/09/2013 - 17:59 | 4230632 OneTinSoldier66
OneTinSoldier66's picture

Isn't the VIX a derivative of the Stock Market? Hmmm. I wonder who might be sensitive to derivatives?

Mon, 12/09/2013 - 18:17 | 4230679 blindman
blindman's picture

Dr. Gabor Maté ~ Who We Are When We Are Not Addicted: The Pos...
http://www.youtube.com/watch?v=DLki68uLfjw

Mon, 12/09/2013 - 18:27 | 4230707 yogibear
yogibear's picture

No fear. No worry.

The Fed controls the market, so there is no worry. 

Mon, 12/09/2013 - 18:47 | 4230754 Sandy15
Sandy15's picture

And they have been since March 2009 or earlier.  But it was March 2009 they didn't care if others knew about it.  Obummer gave a speech in March 2009 saying that 'investors wouldn't be able to determine the real economy based on the stock market'.  This caught my attention big time since I WAS trading the market at the time.  .....Notice the wording 'WAS".  I don't trust it because they will push it up or slam it down as they want or need to take your money.........  Their manipulation is the hidden Cyprus confiscation!!!!

Mon, 12/09/2013 - 18:28 | 4230708 timehill
timehill's picture

What, they couldn't getit under the 20 Day Moving Average at 13.25.  Shame, shame on them!!!  Better try harder next time!

Mon, 12/09/2013 - 18:34 | 4230723 muleskinner
muleskinner's picture

VI(agra)X

Mon, 12/09/2013 - 18:57 | 4230784 Callz d Ballz
Callz d Ballz's picture

My bitcoin moment was years ago in MFNX.  Luckily they've come a long way in face transplants.

Mon, 12/09/2013 - 19:11 | 4230825 The Invisible Foot
The Invisible Foot's picture

Gotta afford those Christmas presents somehow.

Mon, 12/09/2013 - 19:16 | 4230843 Trucker Glock
Trucker Glock's picture

We need a BIX for BTC volatility and 5x leveraged ETF's.

Mon, 12/09/2013 - 19:43 | 4230917 Obama_4_Dictator
Obama_4_Dictator's picture

Just like the rules of Monoploy - the bank always wins.

Mon, 12/09/2013 - 19:57 | 4230969 I am Jobe
I am Jobe's picture

Call Blackrock, they will gladly add the ETF

Mon, 12/09/2013 - 20:07 | 4230944 Pee Wee
Pee Wee's picture

Some might call it first gear (albeit not many).

Tis' as if to say 100k debt-free mortgage-holders took out HELOC's and bought gold to walk away from a roof made of sticks towards the new rentiers world...  wealth preservation and all.

Shhhhhh...

 

Mon, 12/09/2013 - 19:54 | 4230964 I am Jobe
I am Jobe's picture

If you like your VIX Keep it

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