iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
19,690 Blog Posts

Volatility Just Underwent its Largest 10 Day Draw Down on Record

The past nine trading days have been of the epic varietal. We get a lot of those these days, don’t we?

Volatility, measured by the VIX, just dropped by 50% over the past 10 trading days–representing the largest draw down ever.

MKM issued a research note today, discussing the event. In summary, markets are breaking out and volatility is likely to remain ‘subdued.’ However, they compared the recent malaise to the 90s and suggest we might endure a series of ‘high magnitude’ shocks to the system, especially since there are so many walls of worry to climb.

VIX

Like I said earlier, volatility is an interesting hedge at these levels.

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2 comments

  1. metalleg

    If you have some patience, isn’t there a killing to be made by just buying UVXY and sitting tight?

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  2. Dr. Fly

    Not patience, just timing

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