Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: bruiser98 who wrote (4529)	5/15/2009 12:37:31 AM
From: Walkingshadow	1 Recommendation Read Replies (1) \| Respond to of 4904

No, not $VXO either. On a single day in late January 1995, $VXO was hovering around 12 or so. Intraday, it evidently briefly dipped down to 7.23, then reverted back to the 12 range and closed there. This is so out of range it actually looks for all the world like an error in the database (see below). Aside from this one suspect day, the lowest the $VXO ever got was 9.12 in July 2005 and 8.99 in January 2007. The implication that 8 is a reasonable level for the VIX or the VXO is just not true. That is a very extreme reading that has never been attained. The VIX and VXO closed today around 31. The assertion that, for some unstated reason, the VIX (or the VXO) will soon be at 8 (which implies a tremendous rally must occur) is absurd.