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The VIX (VXX +4.2%) stretches its 2-day gain to 53%. Do the sharpest drops (in stocks) happen in...

The VIX (VXX +4.2%) stretches its 2-day gain to 53%. Do the sharpest drops (in stocks) happen in bull markets? This would be the 12th time since 1991 the VIX has spiked more than 25% in 2 days with the S&P above both its 50 and 200-day moving averages, says Jerry Khachoyan.
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Comments (3)
  • Jay Wolberg
    , contributor
    Comments (55) | Send Message
     
    A couple of errors on that post.

     

    First off, VIX is not VXX. VIX is 30-day forward implied volatility, whereas VXX tracks 1st and 2nd month of VIX futures.

     

    Secondly, VIX closed at 12.31 on Tuesday and is currently at 15.87, which is a 29% gain not 53%.
    21 Feb 2013, 01:38 PM Reply Like
  • ctphillipstx
    , contributor
    Comments (3) | Send Message
     
    AMEN
    21 Feb 2013, 04:24 PM Reply Like
  • GaroJaco
    , contributor
    Comment (1) | Send Message
     
    Oh Man, I was thinking... I only took in 25% on the UVXY during that time period. Think he meant 13% on the VXX.
    22 Feb 2013, 05:47 AM Reply Like
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