That's what happens Larry when there are 64 million shares short and only 52.3 million shares outstanding...
VXX (Long VIX ETF) is exploding higher amid the short squeeze...
[3]
XIV (Inverse VIX ETF) is reflexively puking to new lows...
[4]
And that is dragging stocks lower...
[5]
UVXY (Ultra Long VIX ETF) as the ultras come under major pressure...
[6]
But VIX is "stable"...
[7]
As The VIX term structure remains in backwardation and longer-dated vol at highs...
[8]
It appears that steamroller is getting very close to the fingertips picking up nickels...
Charts: Bloomberg
