Every week the village gathers and watches the regularly scheduled public crushing of Mr. $VIX. It doesn’t matter what happens in the world during the week, it doesn’t matter what economic reports may bring, or what earnings reports may miss. Every single Friday, irrespective of any new data, Mr. $VIX is found guilty and crushed to death. I’ve been making light of the predictability of it all on twitter by calling the program Risk Free Friday the past few weeks.
Why? Well, because it’s self-evidently true:
Indeed in the most recent weeks we can observe that markets make little progress during the week and most, if not all, gains for the week are coming via a magic overnight gap, ramp and camp on Fridays during which the $VIX is relentlessly crushed:
http://www.investmentwatchblog.com/vix-crush/
This is showed on the dow chart I posted a few post back LOL Just like clock work............
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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