I saw earlier the VIX hit a 4 year new low...
Unless I missed something, 6/20/07 was the last time the VIX was lower, nearly a 5 year new low.
Like one of those "Where's Waldo" pictures, what's wrong with this picture?
The VIX is in green, the SPY in red...
Here's a hint...
One other thing...
Several years back when there was still money in the market (unprecedented amounts have fled the market the last year or two), a move like this would be a 3+% move, while the Dow is under 1% today, if that's not parabolic, I'm not sure what is. Just to be fair, I've been suspicious of parabolic moves up and down, not just up. Too many times I have seen how they end.
With the VIX looking the way it does, I can't wait for tonight's CBOE update of the SKEW, which is interesting that it shot up that much yesterday on Op-Ex. Week.
No comments:
Post a Comment