Markets storm trooped higher today, climbing nearly 100 NASDAQS, in a fun filled session of profit and wanton excess. On the other side of the ledger were the bedraggled microbes who buy and sell VIX for a living. The volatility gauge was effectively and extraordinarily annihilated, falling by an astounding 20% to $19.12.
We’re in an era of decreased volatility, which is why XIV is the best long term investment ever created.
For those of you in the winners circle today, parked in your wheeled chair, holding a trophy with a dozen roses inside of it, GOOD LUCK MAKING MONEY TOMORROW.
At the end of the day, Le Fly is more than victorious; he is magnanimous.
THE ARK FLOATS. It always does. In case you’re unaware, go check your quotron to see what it did today. You’re more than welcomed to drive yourselves insane, absorbing direct blows from a financial system that is teetering on the brink of disaster–trading stocks like a fucking ape. Or, the alternative is to be inside of the gold mine, or atop the ark, free and safe from the troubles currently plaguing the world.
FYI: I ignored the Exodus OS signal flagged on Friday and yesterday, for the explicit reason that I do not believe a 10 day holding period would be worthwhile at this juncture. I will be updating my position on the markets by the end of this week and will be offering some actionable trades soon.
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Garden variety central banker backstop following a geopolitical lightning strike. forced | finagled | Folly
I followed the Exodus signal with a boatload of $SPXL. I may have reason to regret it, but that day is definitely not today. Congratulations to those enjoying the genteel and civilized comforts of the ark. Yesterday I just traded like a fucking ape.
If we don’t get a selloff tomorrow the ark will be lit on fire and will capsize against the sharp coastal rocks of England. All the animals eaten by giant sea creatures.
I think even the biggest skeptics don’t believe that anymore. The ark is unsinkable. It is IMPERVIOUS to iced bergs.
That’s basically the reason I took a position against it today.
The fact that we are already below 20 on the VIX leads me to believe that we are going to follow the “pain path”: another bump higher tomorrow to scare the cubs and then a big down move after that to make some ground beef.
Start a “Short the dead malls” position on tomorrow’s bump?
It seems that one of your recurrent microbes didn’t heed the precious advice that you gratuitously made to him yesterday to stay the fuck out of VIX related products. He seems to have gone hiding into a foetus position sucking his thumb and crying about the over 20% face rip-off hit he took today.
We all can live and learn. Most of us have made a stupid trade or 2 in our time.
looks like Killary made some corrupt trading.
http://www.zerohedge.com/news/2016-06-28/democrats-accidentally-reveal-how-lucrative-it-be-friend-clintons
Vix is for gamblers. Either your a gambler or a square. One trying to tell the other what todo is futile, and only engaged by those who envy the other. Tvix was a lotto ticket. Vxz is not.
An ouch day for bears. Those are the dangers, volitility of volitility. Cus the market is wimpy and goes crying for mother yellen to kiss the cut on your finger. Dilly market.
My longterm hedge account is fine. In my lotto ticket tvix stopped at 3.00 bought at 2.80. Vxz is a midterm hold
For bears fattened up on friday and monday. Today is like when bruce lee got the scratch marks on his face. Then he gets focused and motions his opponent to come on over and get an ass woopen.