And now this:
But some people like getting buried by Goldman Sachs, Exxon, & Friends over, and over, and over again, so why stop them?
Even as the Nasdaq VIX hit an all time low TODAY, the CBOE skew index skyrocketed to levels previously associated with RISK OFF shellacking...
Introduction to CBOE SKEW Index ("SKEW")
The crash of October 1987 sensitized investors to the potential for stock market crashes and forever changed their view of S&P 500 returns. Investors now realize that S&P 500 tail risk - the risk of outlier returns two or more standard deviations below the mean - is significantly greater than under a lognormal distribution. The CBOE SKEW Index ("SKEW") is an index derived from the price of S&P 500 tail risk...SKEW typically ranges from 100 to 150
145.75:
Introduction to CBOE SKEW Index ("SKEW")
The crash of October 1987 sensitized investors to the potential for stock market crashes and forever changed their view of S&P 500 returns. Investors now realize that S&P 500 tail risk - the risk of outlier returns two or more standard deviations below the mean - is significantly greater than under a lognormal distribution. The CBOE SKEW Index ("SKEW") is an index derived from the price of S&P 500 tail risk...SKEW typically ranges from 100 to 150
145.75:
With the Fed and BOJ meeting this week (Wednesday/Wednesday night), the stakes be high, with zero margin of error...
USDJPY
Rydex bear/bull asset ratio:
Speaking of perfect storm...
Oil held tight today, again on heavy distribution volume, even as the OPEC "deal" continued to unravel...
Oil held tight today, again on heavy distribution volume, even as the OPEC "deal" continued to unravel...
Fortunately, Emerging Market stocks led today off of an a-b-c retracement of the first leg down, because we all know how bullish that is...
