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After a quick move higher on Tuesday's sell off, the VIX (VXX -2.6%) dives to its lowest level...

After a quick move higher on Tuesday's sell off, the VIX (VXX -2.6%) dives to its lowest level in a year, as calm (complacency?) reigns. John Spence notes investors cancelling insurance policies for market pullbacks by pulling cash from volatility-linked ETFs
Comments (2)
  • dbakerpa
    , contributor
    Comments (16) | Send Message
     
    I think this is a good bet right now. There will be a bit more volatility on the way as PPI and the corresponding CPI is likely to edge higher. This should have a broad effect on consumer spending. The subsequent inventory levels along with the Chinese pulback will induce some fear factor back in the market.
    13 Mar 2012, 08:01 AM Reply Like
  • csc
    , contributor
    Comments (3) | Send Message
     
    XIV, $VIX, VXX - I'm guessing that the VIX index and VXX are going to drop sharply this morning since I just sold a bunch of XIV in the premarket @ 10.08 when it closed at 9.70 last night.

     

    Position: Still long a little XIV, but probably not for long
    13 Mar 2012, 09:54 AM Reply Like
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