The Vix seems to develop a more bearish posture.....
Compare this to Zero's observation in the CDS market where the Credit Market also seems to change.
All in all this is exactly what this blog is about, trying to spot vestiges left there from the Elephants that have already left for greener pastures. With all the obvious manipulation going on it is the nature of being an Elephant is that he or she is a large animal that is not invisible no matter how hard he or she tries..........
But don't forget this is the Smartmoney we are talking about, meaning they will try to trick and play as good as they can to get you off their tails.
As a case in point revisit Friday's market with better than expected US payroll numbers, with the Market sitting on the verge of a monster break out (SP500 around 950), all stars were aligned, all in place for the "obvious" Monster-Rally and what did they do, they...
- ...killed Gold, Goldminers
- ...sold massively Oil at 70
- ...faded the 950 S&P500 break out
- ...brought the Dollar Index back above 80
- ...and what the hack happened with the 2 Yr Treasury, i.e. the Yieldcurve
The Elephants took plain and simply profits, after initiating some hedges in the CDS market and the VIX-Optionindex market and it all took place after the Banks had raised most of their needed equity.......these are simply the facts!
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