Gotta love ZERO RISK in the SP500 = $$$

der_kommissar said:
I gotta say, I'm pretty speechless...but this is becoming historic (mostly because after 6+ years of artificially cornering the markets higher), this shit is unwinding like no tomorrow...

I kept telling myself to position for the Sept decline and so I didn't have everything I wanted on yet and then this happens. Very hard to switch gears after so many months of intervention.
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Thats the thing, artificial rally, so where the drop stops is anyones guess. I always said if it weren't for QE the markets would be 50% lower, we will now see what the fed has next, which we all know is absolutely nothing. They are clueless, once the market finally figures it out that the fed has lost all credibility that will be an easy 1500 dow points off the top!
 
der_kommissar said:
Vix doubled...and yet at 24.30 it's still 30% lower than where it was last fall...the price of artificially killing volatility.
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yea, it was so beaten up that the dow would have to fall another 5% to get it back to those levels, I think 30-40 maybe even a 50 print is possible this time on the VIX!!!
 
S2007S said:
Thats the thing, artificial rally, so where the drop stops is anyones guess. I always said if it weren't for QE the markets would be 50% lower, we will now see what the fed has next, which we all know is absolutely nothing. They are clueless, once the market finally figures it out that the fed has lost all credibility that will be an easy 1500 dow points off the top!
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And remember each time they ended one iteration of QE the market promptly lost its "boost". Of course, we have a large assortment of asshats around here that refuse to believe the facts...
 
S2007S said:
yea, it was so beaten up that the dow would have to fall another 5% to get it back to those levels, I think 30-40 maybe even a 50 print is possible this time on the VIX!!!
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Looks like the "base" of this H&S is down around 197.50-198.00 basis SPY...the illiquid nature of this market probably means it hits that level soon enough (and perhaps with about a 30 VIX). 197.50-98 lows from late Dec-early Feb.
 
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