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No, no, this isn’t about my state of mind. There’s a limit to how much I’m going to turn this website into a lifelong therapy session. I am referring to the depressed state of the VIX. I am seriously stunned just how low this thing is going. As of this composition (within the trading day on Tuesday) we have matched the levels last seen in mid-2021, which was two years ago.
Call it a sentiment indicator if you like. Just one glance at /wallstreetbets shows that the 2021 is back and bolder than ever………
MDB stands for mongo dollarz biatch!(more…)
by u/Aggressive_minivan in wallstreetbets
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Surely you need no more convincing about how much the character of the market has changed, but allow me to use Tesla as another vehicle for illustration. Below we see Tesla’s behavior toward the latter portion of 2022. Nary an uptick in sight, and a steady, unrelenting wipeout, slicing through the Fibonacci levels with ease.
“Sell in May and go away,” my ass.
To be honest, it should have been crystal clear when I got the special “Interim Bulletin” from the boys in Gainesville two days ago. Any time the market really seems like it’s totally done and will enter a free-fall, they send out one of these things. It only happens once or twice a year, but I don’t think any of them have ever preceded anything except another rally.
So what has transpired in the two days since then was predictable……….
(more…)
