iBankCoin
Joined Nov 11, 2007
31,929 Blog Posts

The Hits Keep On Coming; Volatility is a Cold Wicked Bitch

My take: 1) it still early, 2)bots short covered yesterday on extreme oversold readings, 3) bots are selling this morning based on severely broken technical levels….

Novice investor / traders need to be schooled for this market


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3 comments

  1. checklist

    another thought on volatility shorting:

    the steep backwardation that VXX currently is experiencing is likely to mitigate next week when the august contracts are gone and we have a september to october roll. far less backwardation in that roll.

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  2. CRONKITE

    @checklist,
    great

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  3. lol

    That reminds me, as I recall, Boomer (before he was Moober) had a crazy dream the stock market was transformed into a real live rollarcoster and his conclusion was to go to cash!

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