Courtesy of Mish
Nothing seems to phase the stock market for more than a day or two.
Despite North Korea, hurricanes, poor earnings, and poor retail sales numbers, it’s tough to get a sustained rise out of the S&P 500 volatility index VIX.
I present a chart and a musical tribute to celebrate this phenomenon.
Weekly Vix Chart
VIX Just Keeps Gettin’ Harder to Find
This is a sing-along.
VIX just keep getting harder to find
And all your VIX ain’t bringing you peace of mind
Before you find out its too late, girl
You better get straight
No, you don’t need VIX
To help you face the world each day
That road goes nowhere
I’m gonna help you find yourself another way
No, you don’t need VIX (unless you expect to make 400% on VIX calls).