VIX Flash-Crashed Into Today's Close - Hits Record Low 8.56

Update: *CBOE: VIX 8.56 PRINT SEEN AS `BLIP'; TRUE LOW SEEN AS 9.64/9.65...

Is a 'blip' worse, or better, than a 'glitch'?

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At first we assumed it was a fat finger...

The flash crash to 8.56 lows occurred at 13:00:14ET...

There was a massive spike in VXX volume at the same time...

But it remains in the feeds and so it appears the VIX flash-crash into today's early close printed the lowest ever level for the fear index...

 

Broken Markets?