S&P, Dow Hit Record Highs, Nasdaq Lags As VIX Tumbles Near 9 Handle

Tyler Durden's picture

Why not...

The Dow is up 1.5% since the Thursday close before the FANG Crash (with both S&P and Dow at new record highs this morning), but Nasdaq contonues to lag...


Hovering at flash-crash ledge levels for now... (with VIX tumbling towards a 9 handle once again)


FANG stocks are up led by AMZN at new record highs...

NFLX continues to lag...

And as AMZN and WFM continue higher so Retailers and REITs are extending losses...

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Ghost of PartysOver's picture

Yep that market is a crashing son.  Life must suck when you are a perma bear expecting total market devastation.  But hang tough, one day you will be right.

ParkAveFlasher's picture

All my money's on the clock eventually hitting 12:01am, GOPO.  I'm thus short pumpkin carriages and magic animales.

Jim Sampson's picture

Everything is wonderful!  All hail the money changers!


That hurt to write.

spastic_colon's picture


cant make new highs without shorts to vaporize...........i wonder how many more months until the fed has divested itself of stocks into rallies

Ghost of PartysOver's picture

i wonder how many more months until the fed has divested itself of stocks into rallies

I  thinking never.  They will always come up with a excuse to buy more.  Especially when their selling cause market turmoil. 

gm_general's picture

Prove to me the Fed owns any stocks rather than bonds and toxic assets such as real estate. We have another Captain Tuttle situation it seems.

Juggernaut x2's picture

Are you telling me the SNB, BOJ,  etc own stocks and ETFs and the Fed doesn't-  where do you think they learned that shit from?

Raffie's picture

Hurry, buy the lie before it dies.

Global Casinos are super green now. I think they offering free food buffet.

For every $100k USD of stawks you buy, get a FREE CHALUPA.


QE4MeASAP's picture

I wonder how much the Dow would go up if we shot down a Russian jet over Syria?

shizzledizzle's picture

Gotta be good for at least 300 points!

gold rubeberg's picture

600 if they shot down one of ours...

Squid Viscous's picture

I use Interactive Brokers. so I can BUY MOAR at any hour,

"can you STFU while I enter these orders, your dinner can wait"


Overleveraged_and_Impatient's picture

Folks, do not fight this market. Todays surge is just a sample of things to come!

Ring_Of_Fire's picture

How much  longer does the dumb money win?

JethroBodien's picture

There is a small chance the markets go down after a global thermal nuclear exchange....

jmack's picture

LOL, vix nine handle dude, you really think it is going to an 8 handle?  how about a 5 handle?  Face it, they are getting diminishing returns from crushing the vix because the trade is too crowded.


       What do you think is going to happen when a us jet gets shot down in syria, or do you think that cnn isnt going to harp on all the body bags about to come back from afghanistan as that heats back up?  Do you think the fed is not going to clear balance sheet in sept/dec?


     Have fun holding that bag.  If you havent made your long money yet this year, you are too little, too late.  Wait til nov 1st and reassess.

mily's picture

I would not quite call it diminishing returns, many trade ideas around shorting vol but the main theme has been selling front month vix future contract which goes to spot, so if VIX spot is at this level(~10) it is still very profitable trade due to steep contango:

vixcentral.com to see vix futures curve


front month continuous contract  

It's become so over-crowded trade that could blow up any minute, rate of change of the vix can increase instantly - some of the vol short sellers might have not time close / cover, and this is just short vix futures trade, what about all the vix index call & vix etf call sellers that would need to cover via being long vix futures or sell s&p &co indexes   

jmack's picture

yea, but he is just long upro or some other 3x leveraged long etf, so i wasnt going to confuse him with selling volatility on  a front month back month spread of vix futures, or some similar type play with options on short/long vix etf's.

mily's picture

Just to be fair vix can stay at the current levels and s&p can creep up as it has for last few years, but i agree, his "strategy" is a shitshow, he could be lucky for some time..

nmewn's picture

Next stop Nirvana. Everyone get your luggage,  Nirvana next stop. 

Please don't block the aisle. 

gm_general's picture

The lead of Nirvana shot himself.

numapepi's picture

US Russia relations continue to sink....


Van rams people in London...


Nothing says BTF like the world melting down.


In this environment, investors should hope for a limited nuclear exchange... the stock market would burn higher!

gmak's picture

Party on, Garth!

sbenard's picture

It's a good thing the US is debt-free, or with these new all-time record highs in stocks, we might think this was another bubble -- even a bigger one than the last! 

gatorengineer's picture

Gotta keep the market up to keep Calpers solvent....

QE4MeASAP's picture

Bullseye.  The fate of the world (and every public pension fund) now depends on stawks going up without end, Amen.

Ouagadoudou's picture

That would be nice to have a central banker explaining market is up because of unfunded liabilities. You wanna save Grandma ? Well u need to save WallStreet douche .....

Jason T's picture

The market is like O'Reilly all pissed off..


Fuck it, we'll take it to new highs!  I'll buy it and we'll take it to new highs!!!  Fucking market it SUCKS.

decentralisedscrutinizer's picture


Why waste time on this alligator when the swamp’s most critical economic and political problems revolve around the hegemony of a global corporate cartel, which is headquartered in the US because this is where their dominant military force resides. The US Constitution is therefore the “kingpin” of an all-inclusive global financial empire. These fictitious entities now own the USA and command its military infrastructure by virtue of the Federal Reserve Corporation, regulatory capture, MSM propaganda, and congressional lobbying.


The Founders had to fight a bloody Revolutionary War to win our right to incorporate as a nation – the USA. But then, for whatever reason, our Founders granted the greediest businessmen among them unrestricted corporate charters with enough potential capital & power to compete with the individual states, smaller sovereign nations, and eventually to buy out the USA itself. The only way The People can regain our sovereignty as a constitutional republic now is to severely curtail the privileges of any corporation doing business here. To remain sovereign we have to stop granting corporate charters to just any “suit” that comes along without fulfilling a defined social value in return. The "Divine Right Of Kings” should not apply to fictitious entities just because they are “Too Big To Fail”. We can't afford to privatize our Treasury to transnational banks anymore. Government must be held responsible only to the electorate, not fictitious entities; and banks must be held responsible to the government if we are ever to restore sanity, much less prosperity, to the world.


It was a loophole in our Constitution that allowed corporate charters to be so easily obtained that a swamp of corruption inevitably flooded our entire economic system. It is a swamp that can't be drained at this point because the Constitution doesn’t provide a drain. This 28th amendment is intended to install that drain so Congress can pull the plug ASAP. As a matter of political practicality we must rely on the Article 5 option to do this, for which the electorate will need overwhelming consensus beforehand. Seriously; an Article 5 Constitutional Convention is rapidly becoming our only sensible option.


This is what I think it will take to save the world; and nobody gets hurt:


28th Amendment:


Corporations are not persons in any sense of the word and shall be granted only those rights and privileges that Congress deems necessary for the well-being of the People. Congress shall provide legislation defining the terms and conditions of corporate charters according to their purpose; which shall include, but are not limited to:


1, prohibitions against any corporation; a, owning another corporation; b, becoming economically indispensable or monopolistic; or c, otherwise distorting the general economy;


2, prohibitions against any form of interference in the affairs of; a, government, b, education, c, news media; or d, healthcare, and


3, provisions for; a, the auditing of standardized, current, and transparent account books; b, the establishment of state and municipal banking; and c, civil and criminal penalties to be suffered by corporate executives for violation of the terms of a corporate charter.


IENTJ's picture

The VIX will soon be -23.5 ... that is the point of super-stability ...

This will result from 100 Year Bonds (issued by such places as Argentina) ...

And Moon-Bonds: https://youtu.be/8QXpZ3ZmfHc

And Ten Thousand Year Bonds: https://youtu.be/lQ1zVarULS0

I am Jobe's picture

Yippie. Texas pension funds are being saved along with the Taco stands. 

Five Star's picture

Never assume that just cause the economy falls apart stocks will go down... Just ask Venezuela


Bill of Rights's picture

Loaded up on UVXY,,,,

enough of this's picture

What's your target price to sell?

enough of this's picture

Sounds good to me.  I just hopped on it with a tight stop.  I hope I didn't jinx you.

Erwin643's picture

Already out of all my short-volatility stuff (shorting UVXY, TVIX, etc). SVXY is starting to get pretty hi on the weekly RSI chart. Placed limit orders at $160.00. Currently shorting siver.

Be careful of UVXY. It's like playing with fire. I would just stay out of it, until it hits it's 20-day EMA, then I'd short it.

Blankfuck's picture

I know whats worth investing in! NOTHING!  Way too corrupt and when the shit hits the fan it will be a race to the exits again!

Zero hedge take note

$10000 im offering for anyone with information that brings the fed reserve down along with 4 of the big banks! Wells, Goldman, Bank of America, Citicorp-------serious posting here. The crime? collusion, corruption and stock market manipulation