Summary
– Did you know that there have been 39 times since 1990 when the VIX has closed below 10, and that 30 of those times have happened this year?
– And 15 of those have been in the last 30 days!
– A 2% or 3% move down in the markets could cause short covering in the VIX that could quickly spiral out of control.
Did you know that there have been 39 times since 1990 when the VIX has closed below 10, and that 30 of those times have happened this year? And 15 of those have been in the last 30 days!
Ed Easterling of Crestmont Research sent me recently an updated chart of the VIX Index. Notice that the all-time low of 9.19 was put in on October 5, 2017.
….also from Seeking Alpha:
