What's it going to be crash or grand recovery?
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VIX spiking towards 60 right now!
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Re: VIX spiking towards 60 right now!
Originally posted by $#* View PostNeither. Just more VIX for a while
If I could I would write as many naked shorts as they are either never going to be called or it really does not matter anyway.
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Re: VIX spiking towards 60 right now!
Now that the markets are closed ...guys let's face it , today there was a Short Fest day. All hungry shorters (from the most clueless J6P to the slimiest hedgie) were in in severe withdrawal syndrome .. shaking and sweating to get their fix ...
Everybody was renting shares and money got cycled in the brokerage in brokerage pools. Basically no buy orders were reaching the market ... add to that the CDS scare of tomorrow ... well ... it was predictable ...
What will happen next is also predictable ...;)
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Re: VIX spiking towards 60 right now!
Originally posted by $#* View PostNow that the markets are closed ...guys let's face it , today there was a Short Fest day. All hungry shorters (from the most clueless J6P to the slimiest hedgie) were in in severe withdrawal syndrome .. shaking and sweating to get their fix ...
I think it is more likely that it had mostly to do with margin calls and redemptions since the big action started towards the close of market.
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Re: VIX spiking towards 60 right now!
Originally posted by Tulpen View PostI see no proof of that suggestion. The overall market went down not just the stocks that were on the short ban list.
Originally posted by Tulpen View PostI think it is more likely that it had mostly to do with margin calls and redemptions since the big action started towards the close of market.
Anyway we shall see tomorrow, a big rally if the couple of clowns (H&B) come out with some good news...
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Re: VIX spiking towards 60 right now!
Originally posted by $#* View PostDrag effect maybe?
Panic mode or the shorting avalanche created buys to to lend ?
Anyway we shall see tomorrow, a big rally if the couple of clowns (H&B) come out with some good news...
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Re: VIX spiking towards 60 right now!
It touched 70 this AM. This is the highest since 1987 (it was ~150 then IIRC). The TED spread is over 4.5 this AM, highest since 1984.
We are either doomed or we have a trading opportunity of a lifetime here. Not sure which (and scared) but have a feeling that markets do not go in straight lines.
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