Since 2012, the fear index known as the VIX has enjoyed record levels of complacency. This level of hubris has paired nicely with central bank intervention and record low rates across western economies.
The perversion of finance has reduced the once predictive indicator into a laughing stock on Wall Street. Once revered for its ability in predicting bottoms and tops, the VIX index is nothing more than a series of lines on a meaningless chart — thanks to the machine like consistency of the grind higher.
Whenever markets get tested and losses mount, central banks step in to save the day.
This is, without question, a Frankenstonian nightmare waiting to unravel and wreak havoc acrosss multiple asset classes. But until then, we march merrily higher, effervescent and without a care in the world.
hi illuminati
You do realize you aren’t getting some bears to flip by continuing to just add days in this upswing?
Shorting the VIX was the best long term idea…
Agree but who would have the balls to do that?
Well not me .. which is why I posted in 20/20 hindsight as Captain Obvious.
But Fly did mention this trade late 2015 and several times thereafter. Gotta give the dude credit. That would have worked. This Ark thing.. sank but there’s no fear and no volatility for the impending future.
Who knows.. maybe the XIV doubles in 2017?
Yes Sir! I just got my tit in the wringer with some serious money on the TLT. Now I’m searching for a bottom.
Out of context now, but I have to say I hate Christmas from every nerve ending or what ever the fuck. Sorry to screw up the thread but its real, I’m Anglican and this shit drives me fucking nuts.
I think that’s fair @soupbone I gave it a +1
When the market went straight up for 8 years under Obama,
the RW Nutcases said it was due to LOW rates from the Fed.
Now when the maket goes UP for a month, the same RW
Nutcases say it is due to HIGHER interest rates from the Fed.
Somebody is fucked up, and it AIN’T me.
Sell everything on Jan. 20 when Agent Orange takes over.
Shut your pie hole.
Rigged game, I would like you to please keep opening your pie hole. Some of us like to hear more than one point of view on the board.
No dickhead – he should shut his pie hole. Complete gibberish with no basis in fact.
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Everybody makes up reasons why the market does what it does, all the time. No one really knows, except maybe people with inside information. Trump supporters are very much in love with DT, expecting everything to come up roses because of him. So they see the stock market no differently from that. Time will tell.
You haven’t been competently governed in, well howabout decades. Wait see what happens if the man gets it together. If and when it happens, it sways every and all.
We’ve never been incompetently governed in decades, actually. Well, Obama was less competent than others were recently at governing according to the usual rules.
The U.S. government functions with the efficiency of a fine Swiss watch. People who think otherwise are confused about WHOM it is governing for. It is for the benefit of crony capitalist welfare queen corporations that feed at the public trough.
Trump looks like he will be the most efficient Reverse Robin Hood of all time– privatizing all profits and socializing corporate losses i.e. putting the middle class taxpayer on the hook for them, while cutting the taxes of the wealthy by huge amounts.