Sudden VIX Collapse 'Rescues' Stocks From Trump Tax Trouncing

Sometimes you just have to laugh...

VIX was samshed to 9 handle to eensure that the market signals its approval of the Trump Tax plan...


Everything recovering from the initial reaction...


YUNOSELL abyssinian Thu, 11/02/2017 - 11:54 Permalink

I don't know still -- I have a feeling TPTB would rather have assets flow into Bitcoin as a diversion from other other asset bubbles. For example, if money is going into it then the slower the housing bubble increases, but most importantly it diverts money away from physical gold and silver to help keep these prices down.

In reply to by abyssinian

Al Huxley Thu, 11/02/2017 - 10:54 Permalink

Don't read so much into it - maybe everybody at first was very disappointed in the plan, but then after a few minutes of consideration they all realized they loved it, and needed to sell volatility immediately at any price.  Doesn't ALWAYS have to be manipulation by a few mega institutions owned and operated by a a few ultra wealthy control freaks with a proven track record of lying, manipulation and corruption.

Sky flyer Thu, 11/02/2017 - 11:05 Permalink

I knew the PPT would get back soon from their coffee break. Watched the usd/jpy drop right as vix was smashed. Short dip. Take a pee break and you missed it.