As to be expected the VIX has spiked by levels of ”fear” remain below the levels seen at the peak of the GFC.
In the past I have written about prediction and the fact that we are absolutely crap at predicting the future. Despite this and despite the ease with which people are held to account for their predictions we still get this sort of stuff. This graphic tracks the predictions about the price…Details
Need I say more……
I haven’t looked at the VIX in a little while. Below is a chart of the VIX with the Dow overlaid in red so you can see the relationship between extremes of fear and the market wetting itself.The only comment I can make about this is that “fear” seems still to be historically high.
As opposed to 5000 fat bogans turning up the opening of a furniture store selling $1 hot dogs we have some really clever buggers doing some really clever things Bet you that you wont see this one the evening news . PS; Click on the pic to get an insight into the science of bogansDetails
There seems to be a bit of a theme this week.
The UBS situation explained.
On Monday, January 21, 2008, concerns about deteriorating economic conditions in the United States caused a precipitous fall in the Asian markets. Investors in Hong Kong and Tokyo besieged brokerage firms. Markets in the United States happened to be closed, for the Martin Luther King, Jr., holiday, but U.S. stock-futures trading in foreign markets showed…Details