Loading ...Re No Ryhme etc
Look at the Vix Down 8 %, with the SM exploding, the last time I checked the Vix was the Volatility of the S&P, exploding ain’t a decline in Vol….these mkts have no real logic, only corellations that have no real world meaning.
The Vix S&P relationship, seems to be S&P up = Vol down = Vix down, S&P down = Vol Up = Vix up….purely because it falls faster most of the time….but today, as on many occasions Vol is way up on a rally…as I say no logic at all.
Still as long as the SM is flying higher, all the rest is flim flam……where is my ‘It’s Friday, Time for a Rally’ hat !!!!