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The VIX (VXX +0.6%) - typically moving the opposite direction of stock prices - has been more...

The VIX (VXX +0.6%) - typically moving the opposite direction of stock prices - has been more correlated to equities this year than any other time since 1996, according to Kaitlyn Kiernan, with today (if it holds) being the 23rd instance YTD in which both have moved in the same direction. That translates into 25% of the trading sessions (for all 1996, it was 29%).
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Comments (3)
  • everlast
    , contributor
    Comments (18) | Send Message
    it's your basic wall of worry.
    15 May 2013, 04:22 PM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
    To me this is another red flag that this really isn´t a market...its been taken over by the central bankers and their a Madonna real singing...just lip syncing...all staged
    15 May 2013, 05:47 PM Reply Like
  • Krcun
    , contributor
    Comments (24) | Send Message
    This is a huge red flag for the market, as this undoubtedly signalizes that alien invasion is imminent in the near future.
    Positive direction of the both VIX and market has absolutely nothing to do with rising implied volatility on the S&P500 call options as short sellers are hedging against violent market rise.
    Be prepared. They say that only 3 things that could kill the alien will be:
    1) government bond yielding under 1%
    2) cash
    3) gold ETF
    Markets have risen since dawn of civilization, but now they will be forever on these levels or much lower. It is because this time is different.
    15 May 2013, 06:20 PM Reply Like
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