What Happens Next?
Credit Schmedit...
Investment Grade, High Yield corporate bonds are weaker... Stocks aren't...
And VIX ain't buying it...
And it's everything! Not just energy...
So which makes more sense to you? A 400 point rip in The Dow on absolutely nothing or continued weakness in credit markets reflecting growth concerns and liquidity constraints?
(12 votes)
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The problem is: what are you going to sell your stocks for? Are you going to keep paper money instead?
It's OPEX week...happens every month that we get a VIX smash and a rip. The goal was to get AAPL to touch $100 and NDX to touch 4300. If they would have stayed lower we would have had some option houses taking MASSIVE losses (btw...after NDX touched 4300 it has fallen all of the way to 4258 after hours). Bullard didn't say anything today other then "We have no idea what the fuck we are doing"