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The CBOE Volatility Index (VIX +33.5%) is skyrocketing, reflecting systemic market fear, and now...

The CBOE Volatility Index (VIX +33.5%) is skyrocketing, reflecting systemic market fear, and now stands higher than anytime since the darkest days of the financial crisis of 2008-2009.
Comments (3)
  • Herr Hansa
    , contributor
    Comments (3080) | Send Message
     
    Actually, it hit 46.37 on 20 May 2009 and 57.36 on 20 January 2008, so it has a way to go before it beats those numbers.
    8 Aug 2011, 02:40 PM Reply Like
  • pelican
    , contributor
    Comments (178) | Send Message
     
    I'm sure glad the EU and U.S. took the necessary steps to calm the markets. Oh, wait, did they mean only the bond markets?
    8 Aug 2011, 02:53 PM Reply Like
  • Herr Hansa
    , contributor
    Comments (3080) | Send Message
     
    ftalphaville.ft.com/bl.../

     

    This article suggests two possibilities when looking towards the future with VIX. One is that today there is a shock event happening (Bank of America?) and the other is that positions are being closed on VIX futures in a rush to cash.

     

    Open Interest in gold futures is dropping too. Seems much more like a rush to cash for liquidity issues. Did any large company, bank, or hedge fund fail today?
    8 Aug 2011, 03:07 PM Reply Like
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