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The Elephant Also Rises: VIX Spikes Most In 8 Months
VIX is trading back above 20%, up over 4 vols this morning as its jump is the largest in over 8 months. This instant response to the ultra complacency we discussed last week, as 'they' take their totally dislocated foot off the neck of implied vol, has shifted the short-term volatility expectation from its calmest in almost four months to its most terrified in a month. Perhaps, just perhaps, the talking-heads who espouse this 'fear' index will finally realize its contemporaneous nature and treat it with the disdain it deserves. For now, it appears expectations of market turbulence - now that OPEX is out of the way - are reverting to more realistic levels of un-complacency, back in line with stocks and credit.
VIX jumps over 25% (over 4 vols) in a pattern of risk-flare-to-complacency-to-panic that we have seen before...
VIX falls to Equity and Credit's reality...
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Run for the hills!
VIXplosion, baby!
Some one knows that the Euro explosion is going to happen sooner then "the experts" are saying. Hold on.
I bought UVXY on Friday, sold it when it was up 20% this morning. Nice!
Nice Tradestation chart
Yes, now that Opex is over. More easy evidence of stock market manipulation.
VIX must have gotten caught in a fireworks explosion.
Good call!
Not only that, the opening TRIN reading was wild, a huge 6.40
http://stockcharts.com/h-sc/ui?s=$TRIN&p=1&yr=0&mn=0&dy=3&id=p86933460505
Everyone was jumping out of the pool at once.
Disgusting, yes. But, the flip side is that there is no panic, no fear, no depression. There is a lot of control, even on a day like today. Someone appeara to have a tight grip on this market. Amazing.
"Someone* appeara [sic] to have a tight grip on this market . . .
the scum also rises*
. . . it's Amazing."
http://www.youtube.com/watch?v=DwDbd4jQpkA&feature=related
right up into and through the asteroids? *
@RobotTrader
So, do you (and others) finally get it? Everyone will be trying to jump out at once. Prepare for 2008 redux.
Time to turn on the Sackman light .
The VIX spike has nothing to do with the Euro meltdown, and everything with Penn State being thrown out of college football. Americans will wake up only when their government entitlement checks bounce - or when they can no longer get frois-gras at Whole Foods with their SNAP card. Then the VIX will spike.
This guy is actually the closest to understanding Vix
NCAA: "This case involves tragic and tragically unnecessary circumstances," Emmert said. "One of the grave damages stemming from our love of sports is that the sports themselves can become too big to fail, indeed too big to even challenge. The result can be an erosion of academic values that are replaced by the value of hero worship and winning at all costs."
"The NCAA penalty was handed down one day after Penn State removed a statue of Paterno from in front of the university football stadium."
Does Jamie Dimon have sex with underage children? How about Lloyd BLANK-FINE? And when are we as a nation going to remove that phrase from our dollars: "This NOTE is LEGAL TENDER"?
Does _ _ _ _ _ _ _ _ _ _ have sex with underage children . . .
_ i l l-_ _-_ _ _-b _ a n k s
http://aangirfan.blogspot.com/search?q=dutroux
missing children, more than missing money, There is more in heaven and earth than are dreamt of in our nightmares . . .
Quick we need a distraction, to the Pitt campus so we look for some evidence of wrong doing, under age drinking perhaps!
This market is awesomest!
Off topic. I found a greater fool to buy my house a few weeks ago. He was talking about housing bottoms and all that jazz. Obviously not a ZH reader.
I'm upgrading my generators and welders in the workshop. just hot a killer deal on a Lincoln V350 pro. It does stick MIG and TIG all in one machine.
Real assets children!
Good for you. ZeroHedge had an article over the weekend on the insanity of ZIRP. It detailed what happens to businesses which borrowed at reasonable rates only to be totally torpedoed by people like you who get to borrow (assuming you did) for new gear at no interest cost. You know - destroy existing businesses in order to add jobs in competitors businesses - at lower wages no doubt.
For sure - real assets better than cash.
finally , I'm in the money
Here we go. Losses in the process of being erased.
Yup, that was a big pop in the VIX. Things are popping all over today, but at least the Dow is rallying to -160.
http://confoundedinterest.wordpress.com/2012/07/23/monday-morning-blues-spain-gdp-falls-again-euro-plunges/
PPT in action.
It's really simple. Big money got paid Friday on OPEX, and today there is just less manipulation of VIX. It's still there though. Don't think we'll have anything but an orderly walk-down.
is that the sound of Bens Kinko Copier i hear getting warmed up?? are the vacum tubes in the algos warm enough to get us a green finish?
Mr Ponzi...Please report to the principals office.
VIX pulled back to 18.97.
Took 103% profits on DIA Aug 128 puts this AM.
Overnight Options portfolio a quadruple in real time since 2 July 2012.
For the next trade:
http://richcash8tradeblog.blogspot.com/2012/07/rich-cash-overnight-options.html
At least two people sold themselves and others short with two anonymous red votes, showing their ignorance or prejudice against profits, as we have been posting these trades since 2 July 2012 in real time for all to see, up a quadruple so far, no guarantees for future results, maybe better.
Get a life. Trading well is the best revenge...;
SPX bearish weekly chart strengthens: an important development.
As mentioned on Friday, SPX downleg continues.
Useful SPX weekly chart at my blog.
http://www.zerohedge.com/news/2012-12-24/market-analysis