Volatility climbs a little into year end

The VIX crept higher for the third consecutive day, closing the year @ 13.72. The VIX high for 2013 was a mere 21.91 in June - when sp' was a considerable way lower at 1560. The VIX looks set to remain under the key 20 threshold until at least late Jan/early Feb.


VIX'60min

VIX'daily3

VIX'monthly

Summary

Most notable, since the financial panic/crisis of autumn 2008, the VIX continues to put in lower yearly highs.

The 2012 high of 27 seemed low, and yet 2013 managed to undercut even that, with a peak of just 21 !

This remains a market that is effectively fearless. It is a market that knows the central banks will print as many trillions as necessary to keep this paper bubble going...

..well, at least for another 2-3 years.
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more later..on the indexes