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Realized Vol Tumbles To 9 Year Low: "Hallmark Qualities Of A Healthy Market"
A few weeks after VIX, aka market implied vol, soared from the mid teens to 30 following the Trasury flash crash and the subsequent near correction in the market before the much publicized James Bullard stick save of the "wealth effect", VIX has since tumbled and at last check was once again trading in the 13/14 range, above the recent all time lows hit over the summer, even as the market continues to levitate on zero volume to ever higher record highs. Yet something is off: as those who have been following the S&P500 in the past 6 days, where the S&P closed at the following prints; 2038, 2039, 2038, 2039, 2039, 2041, this is the narrowest 6 day market range in well... ever.
So what does this mean for that other volatility, actual realized? As Newedge's Brad Wishak points out, "30 days ago 5 day realized was printing 2yr highs (28%) vs 1% y'day." He also notes that the only lower realized vol print in the past decade was in September 2005.
His conclusion: "hallmark qualities of a healthy market indeed."
He is being sarcastic.
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Because the world is now a calmer, safer place. Stock prices have reached what looks like a permanently high plateau.
thats what happens when stocks go up everyday for the past 2 years
Due to apathy.....the rest of today's market.....has been canceled.
Can we sit in the Overlords' chairs?
--> "Mark it."
--> "Market."
..."Pull it"
..."Luck of the Irish"
Someday, far, far in the future, when we learn what was really going on under the covers during this amazing 5+ year moonshot, all of our worst fears will be confirmed and more. It will make the Gruber thing sound like a child's fairytale.
Why wait 5 years? lets get it on now!
God bless us, everyone!
That's what the law man said, and his odds of being right are about nill.
World War Three is about to BEGIN!
https://www.youtube.com/watch?v=DI7pPVJTeSY
He's dead Jim.
I've seen this before.....looks nailgun related.
Damn shame.
...worse than dead. His brain is gone. (0:25)
http://www.youtube.com/watch?v=r0yXqU-w9U0
Very dead Mr. Spock. (0:37)
now beam me up Scotty - we're in a helluva mess down here
Can't set new highs every day if you jump toooo fast!
simply boriiiing
Last week i met an elderlyish lady, a high end property developer who reminisced over interest rates being 16.3/8% or 16.375%.
Someone close to me made tens of millions in the 80s when they bought 30 treasuries yielding over 15% in 1981 (or '82) and then sold them a mere 3 years later when the same then issued 30 year treasuries were yielding a full 7% less (do the math on total returns between a treasury yielding 15% over
30 years versus one yielding 8%).
Bingo, just imagine the possibilities when rates go negative.
Dollar has soared, free cash and cash flow going through roof as energy production continues to soar. Volatility is that groups friend.
So far the lid hasn't blown off...
It's not the volts that will get you.....it's the amps.
Actually bas akwards the market is setting up the day where trillions of paper equity can be vaporized with 10 shares traded, hence in this case its the Voltage (move), not current (volume that matters).
I don't think Ohms law applies to this market.
But Newtons Laws might.
How much can Wall Street really continue to love this "rally" anyway? On such low volatility the spreads their traders are earning must be quite small. At some point even the banks will want to see some volatility.
"Hallmark qualities of a controllable/manipulated market" -- Fixed.
I wonder which BS old/fake news story/rumor they are going to pull out of their arse to goose the market higher today... Always seems to happen at these key moments. Futures are flat, which of course makes no sense, so it would seem they have something up their sleeve.
8 millions shares trading as we speak...
yeah baby!!
How can one have volatility if there are no market participants?
Oh, right, program it into the algo ...
... let there be peace (someone get on writing an algo for that)