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VIXterminated - Fear Collapses By Most In 31 Months

Tyler Durden's picture




 

There is nothing to fear but freed itself... With VXX - the VIX ETF - at record lows, the VIX term structure has swung from backwardated last week to extremely steep with VIX hitting an 11 handle this morning. This is the biggest weekly drop in fear since January 2013...

 

VIX has collapsed from last week...

 

By the most in 31 months...

 

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Thu, 07/16/2015 - 10:23 | 6319338 JustObserving
JustObserving's picture

Not to worry - Yellen has everything under control.

Why should fraudulent controlled markets have any volatility at all?

 

Thu, 07/16/2015 - 10:33 | 6319357 Bush Baby
Bush Baby's picture

I agree , why should they.

They should just come out and say , look folks , we guarantee your stocks will go up 4% per, think of it as the FDIC insured replacement for bank accounts.

It would be much easier to swallow

 

Just direct deposit into your broker account which is linked to your checkbook, atm and credit card.

Thu, 07/16/2015 - 10:56 | 6319387 Headbanger
Headbanger's picture

Fasten your seat belts..

Horrible scary downdraft in 3....2....1.....

Muppet shredder winding up to full speed....

Wait for it!!!

Get that last Muppet in line now..

 

Thu, 07/16/2015 - 12:00 | 6319660 KnuckleDragger-X
KnuckleDragger-X's picture

Those numbers are as honest as the day is long and I like my muppet medium rare......

Thu, 07/16/2015 - 10:41 | 6319388 BullyBearish
BullyBearish's picture

XIV, the inverse of volatility, has become the true "Desperation Gauge".  When the market is very close to going over the cliff, the fed pounds down volatility and XIV shoots through the roof...up 24% in 5 days!!

Thu, 07/16/2015 - 11:41 | 6319583 Perimetr
Perimetr's picture

"Everything's clean and it can't happen here."

 

F. Zappa

Thu, 07/16/2015 - 10:26 | 6319342 Bush Baby
Bush Baby's picture

Combine VIX being ridiculously low And the turmoil in Greece and China, it surely most go up short term right?.... so it will only...... go down more  .. AHahahaha!!

Thu, 07/16/2015 - 10:24 | 6319343 Shizzmoney
Shizzmoney's picture

MSM:

recessions will never happen again because we will never talk about them

recessions will never happen again because we will never talk about them

recessions will never happen again because we will never talk about them

recessions will never happen again because we will never talk about them

recessions will never happen again because we will never talk about them

 

Thu, 07/16/2015 - 10:33 | 6319365 SERReal1
SERReal1's picture

What's a recession?

Time to break out the quintuple seasonally adjusted data!

Thu, 07/16/2015 - 10:35 | 6319373 StackShinyStuff
StackShinyStuff's picture

Soft Patch

Thu, 07/16/2015 - 10:28 | 6319350 thewhigs
thewhigs's picture

I think its (VIX) an excellent buying opportunity for the inevitalbe crash of the market. Yellen and the global CB's can only artificially prop the markets for so long before reality sets in.

Thu, 07/16/2015 - 10:37 | 6319377 Bush Baby
Bush Baby's picture

Sound logic . so it's wrong.

 

Thu, 07/16/2015 - 11:10 | 6319480 HungryPorkChop
HungryPorkChop's picture

It's become obvious their algo's are designed to cap VIX just like silver and gold.  So it's suicide to try and go long VIX. 

Probably the only time you could make any money in VIX there wold be a day long computer glitch or they put a temporary ban on short selling that would include VIX.  So the chances of making any money on VIX is not in your favor.  Might as well go to vegas and roll them' dice.

 

Thu, 07/16/2015 - 11:00 | 6319451 IdiotsOutWalkin...
IdiotsOutWalkingAbout's picture

Following your perfectly sound logic, I have completely destroyed my retirement nestegg. VIX and UVXY, weapons of capital mass destruction.

Thu, 07/16/2015 - 11:20 | 6319515 HungryPorkChop
HungryPorkChop's picture

@Idiots : Yeah, I invested some money into VIX after watching it gyrate between $10 - $17 a couple times.  Sure'n shit the second I did VIX flew down to record lows and then split then collapsed again for no reason.  Its become apparent they have set the HFT computers to control and beat down the VIX which is similar to gold and silver.

They need VIX low, precious metals low to get rid of any safe havens but stawks' high and interest rates near 0% to keep this game going.

Knowing this information, the next time VIX spikes by 50% I plan to short.  Its an easy play and winner every time just its for short plays such as a few days or weeks at most.  If you buy and hold you'll lose no matter if you're long or short due to the fee structure setup on these type of instruments. 

Thu, 07/16/2015 - 11:28 | 6319532 buzzy_the_pirate_dog
buzzy_the_pirate_dog's picture

Knowing that the fake no-risk game is on, it is straightforward to $ZIV and $VXX yourself with some profit taking.  Anytime there is a swing up, it will be crushed with some news.  Rinse and repeat.

 

Even in this 'tard market -- there are ways to win.

Thu, 07/16/2015 - 10:28 | 6319352 The Axe
The Axe's picture

Playing this broken POS is nothing more than gambling and watching the NY FED Trading desk play 

Thu, 07/16/2015 - 10:31 | 6319360 Racer
Racer's picture

Gambling has better odds that this 'market' farce

Thu, 07/16/2015 - 10:38 | 6319379 Bush Baby
Bush Baby's picture

Not if you BTFD

Thu, 07/16/2015 - 10:31 | 6319359 FreeShitter
FreeShitter's picture

Just like yeller's bad heart, she must keep everything calm and stress free.....

Thu, 07/16/2015 - 10:31 | 6319361 asteroids
asteroids's picture

There is no fear because trading robots have no emotions. The humans left the building a long time ago.

Thu, 07/16/2015 - 10:32 | 6319362 yogibear
yogibear's picture

MSM is the central bankster's tool.

The central banksters are in control of everything now.

Like the old Soviet Union.

No selling if markets start looking unstable.

Global arbitraging of jobs.  Food stamps are the new bread lines of the 30s.

Thu, 07/16/2015 - 10:35 | 6319371 EHM
EHM's picture

Keep calm and buy on.

Thu, 07/16/2015 - 10:37 | 6319378 Freebird
Freebird's picture

Quite..there is nothing to be afraid of...there, there children...sshhhh

Thu, 07/16/2015 - 10:39 | 6319384 B2u
B2u's picture

I just listen to Barney and think purple...

https://www.youtube.com/user/HITBarney

Thu, 07/16/2015 - 10:40 | 6319386 thismarketisrigged
thismarketisrigged's picture

im surprised it is at such high levels.

 

why has it not hit 0 yet, there clearly is nothing to fear, as earnings r incredible, economy is awesome, greece is fixed, obama is the greatest president, we have an awesome banking system, what the fuck can go wrong

Thu, 07/16/2015 - 10:56 | 6319443 Chad_the_short_...
Chad_the_short_seller's picture

We were given a nice little opportunity to get very short there over the whole grexit bs. But that is over now and you can't short this market right now. Well, unless you wanna get your ass pounded. All cash here.

Thu, 07/16/2015 - 10:58 | 6319446 we built this city
we built this city's picture

I am tired and exhausted from this site

Ive lost so much money shorting the markets also because ive been reading their stupid comments and articles 

 

Zh lost its credibility 

 

Thu, 07/16/2015 - 11:02 | 6319458 IdiotsOutWalkin...
IdiotsOutWalkingAbout's picture

Hate to say it, but this is true.

Thu, 07/16/2015 - 11:09 | 6319475 QQQBall
QQQBall's picture

Long whine and cheese

Thu, 07/16/2015 - 11:09 | 6319476 Amish Hacker
Amish Hacker's picture

Where did you get the idea that ZH was offering investment advice?

Thu, 07/16/2015 - 11:13 | 6319495 orangegeek
orangegeek's picture

Yellen - we want you off this planet - NOW!!!!

 

...fucking asshole!!

Thu, 07/16/2015 - 11:46 | 6319547 Crocodile
Crocodile's picture

This happened sometime during the Q1 and has lasted until recently; it was the NY Fed shorting the VIX...so I would guess the same player has been given orders.  That was probably one monumental "short squeeze".  I love the way they are boxing people into risky markets, given you can't get any return on a savings account, then steal.  Wait till the pensions and 401K's get hammered in the future.  I would look and see when the area of "peak retirement" for the baby-boomers occur and I believe that could be when they pull the proverbial "plug" on this whole thing. 

---------------------

No worries because "vengeance is Mine; I will repay so says the Lord"; that should scare the living hell at of all those not reconciled to Jesus and if it doesn't, then so be it.  https://www.youtube.com/watch?v=tGrrH2hyBXk&list=PLC57DBAE2BFAD0331&inde... (THIS IS WAR - SPIRITUAL WARFARE) 3:34 MIN.

Thu, 07/16/2015 - 11:32 | 6319548 Everybodys All ...
Everybodys All American's picture

I remember when the Vix was trading in the high twenties a few years ago and I thought back then watching it trade that I felt it was being manipulated downward. Nothing has changed since. In fact the Vix rigging has only gotten worse. Much worse.

Thu, 07/16/2015 - 11:51 | 6319619 Trucker Glock
Trucker Glock's picture

Audit the Fed.  Sorry, end the Fed.

Thu, 07/16/2015 - 12:37 | 6319845 yudd
yudd's picture

4 times in 2015, everytime vix hit 11.XX , its been a buy and its swings up, problem is when shorting vix, you dont know from where should you short, you dont know if the top is in, but long vix at around 11.XX has been a good trade this past year so far, ofcourse past performance does not guarantee future results, and i am long vix bought some in low 12 and lets see how low in the 11 handle does it go. Assume this is risky either way because IT IS BEING MANIPULATED DOWN.

Thu, 07/16/2015 - 12:43 | 6319849 TheRideNeverEnds
TheRideNeverEnds's picture

 Once you factor in every institution of the free world and even a few outside of it are doing everything they can to pump equity prices higher its clear the VIX belongs under 10 and anything above that is a sale.   We all know the central banks control the markets, all of them.  They want Stocks higher and metals lower so that is what they will make happen with everything from speeches to outright buying the market, either way they are taking it much higher from here, they must keep prices going up or they are dead.  You know it, I know it, they know it.   

Thu, 07/16/2015 - 12:43 | 6319865 JoWazzoo
JoWazzoo's picture

Seems as though "The Market" (choke - LMFAO) is telling us Fuck Fear.  There is NONE.

Good Lord - VXX hit 16.68 today, certainly the lowest in 52 weeks.

Thu, 07/16/2015 - 12:44 | 6319866 Fahque Imuhnutjahb
Fahque Imuhnutjahb's picture

Vix, Schmix!  This is the Alfred E. Neumen market!  What is there to worry about?  http://www.bloomberg.com/news/articles/2015-07-16/puerto-rico-says-it-fa...

It's not like there is any interconnectedness between SIFIs through CDS or anything.  Calgon, take me away!

Thu, 07/16/2015 - 17:56 | 6321169 luna_man
luna_man's picture

 

 

Pay no attention to the vix, like the price of gold & silver, MANIPULAED!...As for gold & silver...BUY, BUY ,BUY!!

 

we'll teach these CRIMINALS a lesson they'll take to their graves, when all is said and done...Right?

 

keep a stiff (upper lip)

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