Now I don’t mean that in the traditional sense that this bear market is somehow different from previous bear markets, but the Vix is definitely acting different from previous spikes. Actually it’s behaving more like a momentum stock than a unbounded oscillator as it’s refusing to revert back to it’s mean as it has with previous spike highs.
What does this all mean? With each wild day we have on the markets it beginning to look like we may be getting closer to a significant turning point in these markets. I can’t really say I know what’s going to happen at that turning point, but I’m quite certain it’s one of those instances that you’ll know it when it gets here.
The $CPCE still has complacency as there hasn’t been a rush to buy massive amounts of puts as there has been at previous cycle tops. I would assume with the big moves we’re having these days that this should see new highs before this is all said and done.
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