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VIX Slamdown Sparks Buying Panic As Yellen Testimony Begins
Looking for a reason? Don't bother... having disconnected from JPY carry thanks to Draghi's injection of volatility, it was left up to the VIX-slammers to push stocks back up near record highs once again.
Draghi's promise sparked EUR weakness and FX vol...
Which left JPY carry out in the cold (for now)....
And bonds...
Leaving VIX responsible for keeping the dream alive...
And of course - it's all about the short squeeze...
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rigg'em if you gutt'em...
So what do they do for an encore now that the VIX is slammed back down near the bottom lows for the past six months?
That trick is getting old fast now!
Epic short squeeze in the USDX thanks to ECB jawboning. This, along with VIX-bending, is leading the way in these totally, fully, unrigged markets.
USD dropped down to lows it hasn't seen since 2012 then bounced up to the old support line it dropped through two days ago, and stopped. If it fails to break above the 79.50 area and then hits a new low afterwards the technicals are very very bad for it. For an index that is as manipulated as the dollar technicals aren't usually that important but it is widely thought that China is selling dollars now so pay attention to the DXY. Something big may be about to happen.
Hey guys stocks are up and the ten year looks good, could you put the hammer down on PMs for me before I finish up my testimony? Thank you, here have another cookie.
If this is "ALGO-normal", then I'm really looking forward to the first ALGO-panic days....
Nasdaq minus 50% in half an hour?
Not even enough time to enjoy a decent bag of popcorn with my beer...
Half an hour? Or perhaps half a millisecond.
Vix slam, of course, the world is stable everyone is buying houses, shopping, taking vacations, buying New Autos, full employment with benefits, the VIX is reflecting this for sure.
Note: Sac on
Saw the headline and was hoping it was about the new VXX helicopter... with Obama aboard
VIX Slamdown Sparks Buying Panic As Yellen Testimony Begins
Who gives a fuck!!!
When it that bitch done with her little talk?
The only way the market goes down is when the first Russian missile hits a "coalition" aircraft carrier and it proceeds to the bottom of the black sea.
You are completely correct.
Except for the directionality of the double-plus-definitely-unrigged US """markets"""
You may have that backwards.
Wait for the bell before you sell.
painfully clear the coordination of vix slam to coincide with yellen speaking so as to appear the 'markets' like whatever she says. there is a lot fo pressure for her to goose spx to new all time highs....and also for her to talk down her reference to 'small' patches of overvaluation.
it used to be, if russia laundhed an icbm, even for practice, we see -100pts dow. now its seen as a possible cause/future opportunity for govt spending and corp profits (??)
If the market always goes up, how come the S & P is only up about 2% year to date?
They appear to have mastered the art of producing financialized Shepard tones. What a strange loop they weave.
Well you don't just set off a financial weapon of mass destruction that wipes out the entire State of Massachusetts and have the deal go down "just like that."
Ahh yes the VIX slam down without marked improvements in Eastern Europe. Me chart eye says the time is nigh. Prepare yer hand ye savvy gamblers
everyone should just go long svxy, buy some long dated puts for protection and check your account a year later and you'll outperform everyone.