MASSACRE in the market - but VIX still below 28?

[Damanuelman]

I was waiting for us to hit -3%, -4%, -5% but the market rallied mid day until the end of the day where it got back to where it started. GG on my puts.

 

[Damanuelman]

I will never forget Volmaggeton, the slow grind up followed by big dumps. We’re just getting started, I’m sure the market is use to +2% or -2% swings by now.

 

[comagnum]

Not all sell offs are the same, in a broad sell off the question is where is the $ going? Looks like it was mainly a flight into the 10 year (+3.68%).

 

[treeman]

Vix is just a measurement of volatility. It’s directionless, formulaically. Said another way, you can have a high Vix in an uptrend, and a low Vix in a downtrend. Fear doesn’t typically happen in an orderly fashion, but these sell offs have been extremely orderly. Sure it’s strange. More fear may come into the market. It may not. No rush to guess what will happen. The market will tell you if you have the patience.

 

[ET180]

What gives? It seems it should be MUCH higher given how much pants-shitting is going on in the market.

Because the CPI has been coming out every month for years. It was not a surprise, people had an opportunity to prepare for the report. Low VIX just means that it's not any kind of capitulation. I could have told you it was going to be shit just from my trip to Costco yesterday.

This is not a massacre by any means. Wake me up when the market tanks 50-70%. That is a long ways off from these levels. Stocks are way overvalued with declining earnings, increasing inventories and layoffs just starting. Inflation is going thru the roof but, hacks on cable TV tell us, it is not so bad excluding food and gas prices. Okay, got it.

I have not watched any TV over the past week and rarely do, but I'm willing to bet there were at least a few talking heads on CNBC saying something along the lines of "it's priced in", "this is peak inflation", and "buying opportunity". Am I wrong?

 

[JackMorgan]

Am I the only one who missed the “massacre”? in the market?

Easy to tell who has never traded a bear market before.

You know what the first half of 2022 reminds me of?
A slow day in 2008 or 2000.

spoken like a man fondling stacks of T-Bills

 

[smallfil]

Because the CPI has been coming out every month for years. It was not a surprise, people had an opportunity to prepare for the report. Low VIX just means that it's not any kind of capitulation. I could have told you it was going to be shit just from my trip to Costco yesterday.



I have not watched any TV over the past week and rarely do, but I'm willing to bet there were at least a few talking heads on CNBC saying something along the lines of "it's priced in", "this is peak inflation", and "buying opportunity". Am I wrong?

No, they were saying on Bloomberg that the CPI was not too bad if we exclude, the portion for gas and food. Can you believe that BS? So, they now want to skew even the CPI to back their rosy comments?

 

[KCalhoun]

24 was support VIX . i bought inverses for weekend hold

 

[schizo]

Am I the only one who missed the “massacre”? in the market?

Easy to tell who has never traded a bear market before.

You know what the first half of 2022 reminds me of?
A slow day in 2008 or 2000.

Oh, so you were there in 2000? Raping eternal bulls who thought "it's different this time" was the best of times.

 

[nooby_mcnoob]

Oh, so you were there in 2000? Raping eternal bulls who thought "it's different this time" was the best of times.

as long as the eternal bulls were dollar cost averaging indices, and had a horizon of 20 years, they were paid $$$, especially QQQ