The financial markets worldwide are getting slaughtered and the best financial twitter accounts are spouting inside acronyms faster than Ebola is spreading in Big D. Here are some examples:
— zerohedge (@zerohedge) October 15, 2014
VIX 30!!! — Stalingrad & Poorski (@Stalingrad_Poor) October 15, 2014
1813 spoos would be a 10% drop fyi.
— Stalingrad & Poorski (@Stalingrad_Poor) October 15, 2014
SPOOS is slang for S&P 500 Index futures. VIX? Here is a hint:
VIX is a trademarked ticker symbol for the Chicago Board Options Exchange Market Volatility Index, a popular measure of the implied volatility of S&P 500 index options. Often referred to as the fear index or the fear gauge, it represents one measure of the market’s expectation of stock market volatility over the next 30 day period.
Make no mistake over the next few days and the coming weeks there is certain to be lots of noise about the state of the markets, much of it emanating from the TeeVee news and TeeVee News Readers who have no more clue about these things than the proverbial man on the moon. Here are two worthwhile missives today from the folks over at Zerohedge:
Most shorted stocks??? Hark did someone mention Miss Chiquita because sure enough it is up over 3.5% as I write this. Actually someone did:
Meantime over on the Ginnies its rainbows and unicorns…..