VIX above 27, wouldn't doubt if it spikes back above 40 or even 50!!!! All I know is that with the VIX getting up there near 30 we are going to see once again 150-300 point price swings in both directions, so tomorrow no one should be in awe if the markets open down 200 or more points and rally up 275 points at the close.
Im going to rule out today, would be very surprised if it got there....however all the bulls have to do is rally the markets tomorrow and keep the rally into the end of the week to be back in the safe zone once again! Which could possibly happen as well since we all know these markets bounce wildly when entering near a bear market!
That would only force the fed to hike faster, which would accelerate the EM collapse and commodities slump. I don't think that would help at all.
Not sure CNBC will do that anymore since their night time guy in HK got arrested. Last time they did it China said that the aftermarket coverage brought "bad joy luck and no good fortune to people's supreme market"
just sold another short etf of mine... FAZ sold at $13.40 Will be buying back all these etf shorts once the dow gets back to 16500+ hopefully tomorrow there isnt one of those 200 point drops at the open or everything I sold today will be worth at least 5-10% more tomorrow...EEEEK