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Something Doesn't Add Up...

Tyler Durden's picture




 

Away from the utter farce of the rigged close in today's manipulated, volatility-crushing market

 

We could not help but notice that with CNN's Fear & Greed Index at 10 - Extreme Fear...

 

...and 6 of the 7 underlying factor at 'Extreme Fear', something doesn't add up that the VIX 'factor' is "neutral"...

Spot The Odd One Out...

 

Or more clearly...

 

Anything China can do, "we" can do better!

 

Source: CNN

 

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Fri, 08/07/2015 - 16:30 | 6402388 wee-weed up
wee-weed up's picture

 

 

Yep, for anyone with at least 2 brain cells, Obozo's economy enduces sphincter-clenching fear!

And Janet cannot save us.

Fri, 08/07/2015 - 16:29 | 6402398 Mr. Bones
Mr. Bones's picture

Can you sell VIX without buying it first?

Fri, 08/07/2015 - 16:45 | 6402436 bnbdnb
bnbdnb's picture

When everything is programmed to buy when VIX is crushed, you don't really care.

Fri, 08/07/2015 - 17:38 | 6402545 Squid-puppets a...
Squid-puppets a-go-go's picture

nar tyler its perfectly explainable. The fear is so palpable that traders are paralysed into inaction, thus being unable to trade vix. sheesh.

Sat, 08/08/2015 - 06:27 | 6404232 Arnold
Arnold's picture

Traders should be ending their summer vacations soon.

Sell in May......................

Fri, 08/07/2015 - 16:29 | 6402399 Bitcoin Meiser
Bitcoin Meiser's picture

VIX is worthless. Software developers can program hedge fund algorithms so that they can sell off without causing a spike in volatility.

Fri, 08/07/2015 - 17:43 | 6402560 DavidC
DavidC's picture

It's another one where the tail can wag the dog, being paper based.

DavidC

Fri, 08/07/2015 - 16:30 | 6402403 Flying Wombat
Flying Wombat's picture

At least when it comes to the VIX, the index has been acting like it has shock absorbers.  It hardly measures fear in quite the way it used to.

Fri, 08/07/2015 - 16:32 | 6402410 Keltner Channel Surf
Keltner Channel Surf's picture

Given how long's it's taken to get here (Dow & RUT below Daily Keltners, SPY piercing 200DMA, COMP at 100), could be machines playing for a pop against late sellers to take us up to a re-shorting point.   Of course, if VIX-bashing continues, then another screamer will be on tap next week, but some say it feels 'different this time' ...

Fri, 08/07/2015 - 16:33 | 6402412 algol_dog
algol_dog's picture

What it's telling you is there will likely be another run up next week.

Fri, 08/07/2015 - 16:42 | 6402428 LawsofPhysics
LawsofPhysics's picture

In the absence of true price discover and the application of "mark ot fantasy" accounting by, well everyone, "prices" and "valuation" are in fact fucking meaninless...

Fri, 08/07/2015 - 16:48 | 6402445 taketheredpill
taketheredpill's picture

QE4 HYG QE4 JNK QE4 HYG.......

Fri, 08/07/2015 - 17:04 | 6402485 H H Henry P P P...
H H Henry P P P Paulson's picture

Every bounce off the 200dma is weaker and weaker. That 200dma is unfortunately a serious multi-year support, but the reckoning is close.

Fri, 08/07/2015 - 17:05 | 6402488 kliguy38
kliguy38's picture

A relative of mind who happens to be a high placed alumnus of an unmentioned bank and owns a hedge fund called me last week and had me tell his assistant how to buy storable foods for his bugout home......I laughed because there won't be any food there when/if he has to bug out there......his caretakers in the bugout town will have it all most likely by the time he gets there.........

Fri, 08/07/2015 - 17:08 | 6402494 J Jason Djfmam
J Jason Djfmam's picture

I laugh along with you. Ha, Ha, Ha!

Fri, 08/07/2015 - 17:06 | 6402490 CheapBastard
CheapBastard's picture

I am turning over a new leaf and will be a good boy on zh since they evidently consider your ZH posts into your FICO score now.

 

... in addition to how well you parallel park, comb your hair and wipe yo butt!

Fri, 08/07/2015 - 18:04 | 6402610 luna_man
luna_man's picture

 

 

Be careful MY MAIN MAN...We "sheep" might start to get an idea or two.

 

get the rope!...let's catch us sum CRIMINALS!!

Fri, 08/07/2015 - 23:32 | 6403709 JoWazzoo
JoWazzoo's picture

Extreme Fear my ass.  More like Extremely fucked up/manipulated "markets".

 

They need to change the title to Eminent Crash Likely.  Good grief.

Sat, 08/08/2015 - 00:08 | 6403807 bid the soldier...
bid the soldiers shoot's picture

Remember this, dear friends

What is happening to the Global Economy  --  and the American Economy especially  --  is merely symbolic of the CRUSHING TRIUMPH OF GRAVITY.

It's not for babies.

But if you're ready to leave your property on the event horizon to see the concealed clockwork of a singularity, you don't even have to call uber.

The Black Hole of government and finance will whisk you away gratis.. 

Do NOT follow this link or you will be banned from the site!