Thursday 26 December 2013

2pm update - VIX falls into the 11s

With the sp'1840s, and Dow in the 16400s, it remains a fearless market. Naturally, the VIX has slipped into the 11s, and it does indeed reflect the mainstream who have zero concern in the near and mid term. The hysteria in TWTR, +5% in the $73s is similarly reflective of this situation.


VIX'daily3


TWTR, daily


Summary

What is there to say?

We have indexes at new highs and the VIX is in the 11s. Arguably, the price action in TWTR is even more illustrative of how crazy bullish things are right now.
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