A Wild Cliff Ride for the VIX…

Here’s a decent gauge of the wild sentiment ride the fiscal cliff sent the markets on in recent weeks….

  • In the days leading up to the fiscal cliff the VIX started to rally as worries over a deal materialized.
  • On the 28th as it looked like we were “going over the cliff” traders were positioning for downside as the VIX surged to 23 from 15 just a few weeks earlier.
  • Then the collapse. ┬áThe VIX plummets back to earth as the markets realize that the fiscal cliff was essentially much ado about nothing….
Never a dull moment in the markets….

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Cullen Roche

Mr. Roche is the Founder of Orcam Financial Group, LLC. Orcam is a financial services firm offering research, private advisory, institutional consulting and educational services.

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