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You can always tell when the crowd gets long the VIX and ends up on the wrong side of the trade.  “The VIX is broken!” becomes an oft-repeated refrain, as does “The markets are rigged!” and the usual list of exhortations from those who are in denial.  The current line of thinking is that the world must be much more …

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You can always tell when the crowd gets long the VIX and ends up on the wrong side of the trade.  “The VIX is broken!” becomes an oft-repeated refrain, as does “The markets are rigged!” and the usual list of exhortations from those who are in denial.  The current line of thinking is that the world must be much more …

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Yesterday’s sharp downward move in the VIX gave me a reason to tweet that the volatility crush as seen in the SPX and VIX was among the top 25 in history.  Upward pressure on the VIX toward the end of the session dropped the VIX down to the 30th largest VIX decline in history, but along the way the Twitterati …

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Yesterday’s sharp downward move in the VIX gave me a reason to tweet that the volatility crush as seen in the SPX and VIX was among the top 25 in history.  Upward pressure on the VIX toward the end of the session dropped the VIX down to the 30th largest VIX decline in history, but along the way the Twitterati …

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Over the course of the past few days I have been tracking the slow grind upward in the VIX on Twitter, noting that it had been up seven, eight and eventually nine (as of Friday) days in a row.  As the VIX is a mean reverting animal, I find it interesting that until Friday, the VIX had never risen for …

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Over the course of the past few days I have been tracking the slow grind upward in the VIX on Twitter, noting that it had been up seven, eight and eventually nine (as of Friday) days in a row.  As the VIX is a mean reverting animal, I find it interesting that until Friday, the VIX had never risen for …

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Steve Sears and I have a running joke that whenever I am tapped as a guest columnist for The Striking Price at Barron’s, we should both start buying VIX calls as inevitably something is going to come along and cause a volatility spike just in time to give me something topical to discuss. This time around I thought China might…

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Steve Sears and I have a running joke that whenever I am tapped as a guest columnist for The Striking Price at Barron’s, we should both start buying VIX calls as inevitably something is going to come along and cause a volatility spike just in time to give me something topical to discuss. This time around I thought China might…

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By EconMatters The Greek Referendum ended on Sunday with 61.3% of the 6.16 million Greeks voting No to reject creditors’ demands for more austerity. Yanis Varoufakis, Greece‘s finance minister, has announced his resignation in his blog (see below) only hours after the No vote that he urged (read the 6-bullet-point by Varoufakis here).
Minister No More!    
Posted on July 6, 2015

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By EconMatters Greece missed a €1.6bn (£1.1bn) payment to the International Monetary Fund (IMF). The country’s current bailout then expired on Tuesday. On Sunday, Greece will vote on a landmark referendum: “Yes” or “No” (“Nai” or “Oxi” in Greek) to the new bail out package currently on the table from the creditor. Sunday’s vote will be watched closely around the world,…

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This is tonight’s Daily Wrap and Market Forecast from our members’ site, DAILY WRAP POSTED BY: BRANDT Wednesday, July 1st 2015 Today was one of those days I’ve spoke of recently in which objective evidence has to trump emotion or gut feeling and while it wasn’t easy to understand right off the open as signals that didn’t make a lot…

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By EconMatters Greece missed a payment to the The International Monetary Fund (IMF) of about 1.5 billion euros, or $1.7 billion, on Tuesday which officially put the country in the ranks of Sudan, Somalia and Zimbabwe. Although the IMF is not considered as a commercial lender, and the Fund does not use the term ‘default’, the inescapable conclusion is that…

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