Fear…But No Panic Authored by Peter Tchir via Academy Securities, Did VIX Really Hit 65 on Monday? Without a doubt, the official VIX calculation reported a level of 65.73 on Monday at 8:34 am EST. That level was posted and is now being used by many people to justify long positions in equities. The theory seems to be that we had an “epic” spike in volatility indicating panic, and that panic has since receded – hence creating a buying opportunity. Notice, that we chose to use the word volatility here, partly because many seem to use VIX and Vol interchangeably – which is not… — Continue at ZeroHedge News : Read More
