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VIX Slammed To 11-Handle Sends Dow To Record-er Highs
Just as Gold was monkey-hammered late last night, we warned in the pre-open that it might happen and sure enough... VIX has been smashed back under 12 this morning, lifting the Dow to new record-er all-time highs and sending the S&P chasing its highs too... why not... Draghi promised to do something, sometime soon (even as the Fed is tapering and China says no more stimulus). What is really helping is USDJPY 102 once again which provided the opening ramp ignition. For all those on the 'healthy' rotation bandwagon.. the Nasdaq and momo names are outperforming (Nasdaq now unchanged for May) - so it's not that. Gold is up $25 from overnight lows and Treasuries are flat to modestly weaker as stocks smash higher.
VIX looks totally normal!!
As the overnight slam in gold has seen a $25-plus rally in the precious metal...
As USDJPY drives stocks to ever higher highs...
Taking the Nasdaq to unchanged for May (and Trannies soaring)
Charts: Bloomberg
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this is getting RIG-DICULOUS...
Dow 36 thousand!
Then, 36 MILLION!
This time is DIFFERENT!!!!!!!
Yes, yes, "all is well"...
I had my Dow 20,000 hats printed up last fall. Thought I might have a chance to break them out around Christmas, but it was not to be.
Looking pretty good now, though. Only about 20% higher from here. Surely we can accomplish THAT simple task by the end of the year, if not sooner.
VIX got very near its 52 week low so there isn't much more room left to smash it down any further:
http://www.marketwatch.com/investing/index/VIX/charts?symb=VIX&countryco...
And USDJPY spike is no big deal except for a this "relief bounce" off horizontal support
http://www.marketwatch.com/investing/currency/USDJPY/charts?symb=USDJPY&...
So this equities rally is all fluff.
You're right about VIX. I still believe that The Squid and its gaggle of "in the know" foot soldiers are churning the tape. About time for a move lower now and VIX 52 week low fits in with a nice reversal in equities. It will only be temporary though. Only *higher* prices will be acceptable in the end. (I'm getting tired of this too)
Unless you were just injected with Polonium, you will probably live to see the day the VIX hits single digits.
Could this be the "last hoorah" for the banksters to fleece retail muppets before they take off for the Hamptons?
nah, the last Hurrah is where entire cities and states are bought by Goldman Sachs and all taxes are replaced with rent which has no limit and can be paid in cash, gold or children.
the VIX 200 SMA is pretty damn flat for something that is "not rigged"
This shit is getting pretty silly though
https://www.google.com/finance?chdnp=0&chdd=1&chds=1&chdv=1&chvs=logarithmic&chdeh=0&chfdeh=0&chdet=1399924800000&chddm=1096&chls=IntervalBasedLine&cmpto=NASDAQ:XIV;NYSEARCA:USO;NYSEARCA:CLY;NASDAQ:ZIV&cmptdms=0;0;0;0&q=NYSEARCA:SPY&&fct=big&ei=2utwU_CoAsKXqwGRlYDoAg
Obi-Wan Bernanke and the sheeple:
This is not the VIX you are looking for. This is not the VIX we are looking for.
You can have it...it's for sale.
We can go about our business. You can go about your business.
Move along. (waves) Move along. Move along.
Frustrating and tiring.
DavidC
Shit-show is entertaining. Why frustrating? You didn't actually short the Fed, did you?
It all makes sense.
Just wait.
yes, <sarc>
Let's see what happens at 11AM...
......and at 3:30PM
You start with the VIX slam, ( S&P now like a rocket out of fuel ), then come the 3 & 6 month auctions to take it through lunch, for the final pop at 3:30.
Forward......
to complete lunacy....
The reverse limbo market, "How high can you go?"
They aim to get it ever higher. Think of the Zimbabwe economic model.
The Federal Reserve does a dog and pony show whenever the market has any sign of going down.
Trade accordingly.
What's the point of trading?
Or better yet HOW does one trade this?
From ANY position...long or short?
Isn't it all just blood money at this point anyways?
Money is money of course...but it's almost like cash is what no one wants to have any value.
Bankruptcy hasn't been repealed. And isn't that the weird part?
The VIX trading double digits is rich, sell it till it hits the 9 handle, then buy more S&Ps cause we will still keep going higher for about a year after the VIX makes new lifetime lows.
still waiting for 1900 clown, 7 weeks and counting...
Look at the tape, not a downtick all day, S&P and DOW making new lifetime highs, RUT and NDX up over 1%; not a seller to be found.
Its just a matter of time, S&P broke out of its range, TF, NQ broke their downtrend and YM broke to new all time highs can't fight the FED, the Obamabux on the sidelines need somewhere to go.
This is day one of the upmove.
yeah i can read the tape thanks - but you were pounding the table for ES @ 1900 by end of March or so... lol
ES 19 kerjillion berjeelyun!
FAZ me bitchez...
hvu (tsx), uvxy even more leveraged in movement, 11x inverse to s&p500, dow.
http://scharts.co/1iJXOYm
http://scharts.co/1l4gUWK
faz only 3x inverse
but Ukraine!!!!!
Heh heh heh. Exactly.
Fuck them all
What happens when their actions take the VIX down to 1? Zero? Can we have a negative VIX? And by that point will there be anybody left to care?
Cancer of the zero-vix.
(it's bad...I know. But I'm underscotched at the momento)
thumbs up because you made me laugh 4 times a 15 word post. In all serious I stopped drinking partly because observing all this mad shit going on around me was insane enough. Stay underscotched for a few months, I swear this shit gets even loopier and even more batshit crazy the more sober you get and its a trip itself.
OK, who spilled paint on the invisible hand??? The mullets are probably going to stampede and we will have a hell of a mess to clean up.
Somebody git a rope, and make it a stout one, we've got ourselves a hippo to hang.
Hey Banzai: Do something on the "Ol' Yeller" theme... ;-D
Will the VIX cease to exist at zero? LOL I see someone already said that. Oh well.
NO DEFAULTS ALLOWED, NO RECESSIONS, NO DEPRESSIONS, NO CIVIL WARS AND CERTAINLY NO WW3.
Only PEACHY KING is cool.
http://www.newyorkfed.org/markets/tot_operation_schedule.html
FUCK THIS SHIT-SHOW
The reason for today's rise is obvious: it's Tuesday tomorrow
After 40 years of investing and trading I have finally learned that trees do grow to the sky or are perceived to when endless fertilizer appears to be available. And I keep getting drowned out by everyone chating - give me mo-mo...
After 40 years I still believe that the most precarious times are those when people are under the illusion that there is a source of endless fertilizer. Deep survival requires the correct perception of reality.
didnt we spend most of the nineties with the vix around here ?
Long cash, comic books, oil, and other combustibles.
Last tuesday was a down market day, tomorrow the world ends.