I took a glance at a long term VIX chart this morning and realized that it had only dropped below its 11 mark once since January of 2018, and then didn’t remain there for more than a day. Admittedly the past 18 months have been turbulent for equities, which is evidenced by the fact that the SPX is currently trading merely 100 handles above the high painted on January 27th, 2018.
I promised you a comprehensive momo update and just like a Lannister the market mole always pays his debts. Except here at the lair you won’t have to wait almost two years for new episodes. Come rain or shine, I deliver daily and I’m known to spoil my intrepid subs in particular. That said, if the GOT producers get away with taking an 18 months break, all the power to them!
I want to be on record by stating that any and all claims insinuating that a genetic Krampus/Bear clone may have escaped our biotech laboratory are patently false and thus should be considered fake news. We here at Evil Speculator have made maximum security and strict biohazard procedures our top corporate mandate, which is exactly why we purchased a dozen refurbished Chinese thumbprint readers last year to secure our entire operation.
Today marks the last session of November which is a good occasion to take stock where we are on the momo front. A lot of folks got blown out of their short positions on Wednesday and judging by the heated exchanges in the comment section yesterday emotions are running high, which frankly isn’t surprising after a year of constant nerve fraying whipsaw. It’s tested the mettle of even the most skilled traders and I wonder how many people would have simply taken the year off knowing what would transpire.