With another political
comment causing the indexes to snap back higher, the VIX flipped back
to the downside, closing -0.01, to settle @ 19.47. The earlier break above the 20 threshold is the most aspect of today's somewhat roller coaster day.
VIX'60min
VIX'daily
VIX'weekly
Summary
Lets be clear about one
thing today...
The VIX broke the key
threshold of 20.
Yes, it closed under
20, and yes..it even closed fractionally in the red.
Yet, the damage HAS
been done. The warning signal has been triggered.
–
If we are going to see
volatility spike into the 30s..and even 40s in early 2013, this sort
of crazy swing is to be entirely expected.
Get used to it.