"Someone Big Was Utterly Blown Out": Here's The Reason Behind Today's Unprecedented VIX Mov

Spooz Top 2 said:
Leisman`s pom poms don`t have that kind of influence!

Do people/ traders even watch cnbc anymore?
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1- OK so I guess I just imagined buying SPY on Leisman’s “breaking news” and flipping it out $2 higher a few seconds later.

2- If you weren’t watching cnbc, why would you even comment, much less emphatically state, that Leisman didn’t move the market???
 
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Clubber Lang said:
1- OK so I guess I just imagined buying SPY on Leisman’s “breaking news” and flipping it out $2 higher a few seconds later.

2- If you weren’t watching cnbc, why would you even comment, much less emphatically state, that Leisman didn’t move the market???
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If you were able to catch $2 move on SPY ... then I tip my hat to you.. nicely done!

However, Leisman is a pompous biased tool & not very well respected ... & CNBC just doesn`t have the influence it used to have.. ratings are down significantly from their hey day & so are tours here in Englewood Cliffs.... But hey, if you caught the move & want to credit Leisman.. so be it, CL! :fistbump:
 
Spooz Top 2 said:
If you were able to catch $2 move on SPY ... then I tip my hat to you.. nicely done!

However, Leisman is a pompous biased tool & not very well respected ... & CNBC just doesn`t have the influence it used to have.. ratings are down significantly from their hey day & so are tours here in Englewood Cliffs.... But hey, if you caught the move & want to credit Leisman.. so be it, CL! :fistbump:
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Agree on all. Especially the Leisman part.

Granted CNBC doesn’t move markets like the old Gasparino “breaking news” on Ambac, Fannie, Freddie etc back in 08 but in a frenzied market it doesn’t take much to get a quick rip/dip from some talking head, especially at 3:30 on a Friday.

Anyway, good luck this week. Hope the market treats you well!
 
The bottom line is you get these extreme moves from imbalances of buyers and sellers. It doesn't matter how bearish the market is overall, all it takes is for the selling to let up briefly, and if there's no selling supply for the shorts to cover the market has no where to go but up temporarily. Stops being hit, people adding panic short trying to get out and new buyers coming in can cause violent short covering rallies.

Often in this environment price will fairly quickly retrace the up move, which we've seen this happen repeatedly over the last 2 weeks.

You don't need a "news" event for every single move in the market, unless you're looking for pure entertainment.
 
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