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VIX Explodes To February Highs, Term Structure Inverts
Well that escalated quickly...
VIX Hits Feb highs... Pisani is worried...
As VIX Term Structure inverts...
Charts: Bloomberg
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Meanwhile on CNBC:
https://www.youtube.com/watch?v=zDAmPIq29ro
What we need is to remember Bluto´s motivational speech:
https://www.youtube.com/watch?v=ep-xgd_eETE
Was it over when the Chinese bombed the NYSE?
China can claim that US short sellers ruined their stock exchange.
US gov can claim that China´s failure to go full Keynes nuclear fucked up our central banker planning.
Sounds like they both got a pretty good casus belli.
Shock and awe, bitchez!!!
Invert that graph and you can see where this is heading.
Did Bob Pissanti find those gold bars he was looking for yet?
http://www.thestreet.com/story/13234148/1/jim-cramers-top-takeaways-sune...
SunEdison (SUNE - Get Report ): Cramer said he got it wrong when recommending SunEdison on April 9. This red-hot solar stock was up over 900% from 2013 until early 2015, then plummeted 60% from its highs on July 20.
Cramer said SunEdison seemed like it was doing everything right, and did indeed rise 28% from his April recommendation until its peak on July 20. But then, things went horribly wrong.
The genius of SunEdison's plan was spinning off not one, but two high-yielding subsidiaries that would purchase and run its completed solar projects. These "yield companies" were to provide SunEdison with all the capital it needed and allow it to consolidate projects both domestically and overseas. The market loved it.
But then oil prices started taking a nose dive, while at the same time it seemed SunEdison was making too many deals and stretching itself too thin. When the company announced the acquisition of Vivint Solar on July 20, the market scoffed and shares closed flat on the day. That was the first sign that something was amiss, Cramer noted.
Shortly thereafter, SunEdison debuted TerraForm Global (GLBL ), its second yield company, expecting to raise $1 billion. The deal raised just $675 million. With less ammunition to fund more projects, investors started fleeing the stock, and shares fell 60% over the following month.
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Mea Culpa On SunEdison - Cramer's Mad Money (8/20/15)http://seekingalpha.com/article/3457436-mea-culpa-on-sunedison-cramers-m...
Cramer was wrong about SunEdison (NYSE:SUNE)SunEdison has been in freefall since July 20 and has lost 60% of its value. From 2013 till July 20, the stock was up almost 7 times. "First, let me just say; Mea culpa! Clearly, I was wrong to get behind this one. It was a mistake to recommend SunEdison and I own that," said Cramer.
SunEdison's plan was to spin off into 2 yieldco subsidiaries which would purchase its solar projects and pay shareholders dividend. After Cramer recommended the stock on April 9th, it went up by 28% till July 20 to decline heavily. As oil prices started to fall rapidly, SunEdison's stock also kept falling.
It all started with Vivint Solar's (NYSE:VSLR) acquisition when investors realized that the company did not have enough money to fund the acquisition. Then it was TerraForm Global (NASDAQ:GLBL), the IPO of which was a big failure and the company could raise only $675m against the planned $1B. Finally, SunEdison reported earnings with better than expected revenues and larger than expected losses and the stock fell 25% on that day.
Last week SunEdison announced a deal with Dominion (NYSE:D) and also announced a plan to raise capital for its funding worries. Cramer thinks the stock represents good value now but it is still in a freefall state. "I got SunEdison wrong. The company overextended itself, continuing to make big acquisitions when it became clear that the market had turned against them. I think that long-term investors can start to gradually build a position here on the way down," he added.
Don't panic. K-Hen will be buying at the offer all the way up to VWAP, aided by some patriotic Algos. snicker. Remember Aug 17, 2007? More dirty deeds to come before this civilization gets put to bed.
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. . . as text-parsing algos who read ZH promptly execute a VIX-slam
I've been wondering about this for some time.
When April fools headlines point out the fact the 6L6's do not get jokes, and ZH is gaining attention, the right headline around here and BAM!!
Yeah, machines know their strongest enemies, I'll bet the Tylers often sit around and use the quote from The Godfather: "We're bigger than US Steel"
indeed they did. it was up $3.5 and now its up $2.
Ha -in your dreams. This site is softball, the real players are unseen and well paid!
Who needs to cheat to burn up the shorts? Just set your buys to blow through the points and timestamps of each ZH article.
The Main Streamers are hysterical this morning. All of them (including myself) scared $hitless. The narrative is consistent and deliberate - "Correction".... Really....
These chuckleheads are certainly desperate.
Soooooo.......the VIX is, simply, the ratio of (Volume of Calls/Volume of Puts)?????
Soooooo. the higher the VIX the more puts are being purchased to hedge against drop in index?????