Courtesy of ZeroHedge. View original post here.
Update: *CBOE: VIX 8.56 PRINT SEEN AS `BLIP’; TRUE LOW SEEN AS 9.64/9.65…
Is a ‘blip’ worse, or better, than a ‘glitch’?
* * *
At first we assumed it was a fat finger…
The flash crash to 8.56 lows occurred at 13:00:14ET…
There was a massive spike in VXX volume at the same time…
But it remains in the feeds and so it appears the VIX flash-crash into today’s early close printed the lowest ever level for the fear index…
Broken Markets?