Is This As Good As It’s Going to Get?

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As delighted as I am at the misery being pushed into the faces of bulls everywhere, I will collectively caution the good guys (that would be us……..) that the intraday VIX typically peaks, oh, about where we’re at right now. Of course, my soul is so far-gone at this point, I’m ready to hand our nuclear codes to fat-boy…………so we’ll see if this is yet another VIX flip or if we’re actually going to finally see some real action for the first time in eight years. I’m maxed out (no more buying power) so have no more trades I can possibly place.

0810-vix

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