More Questions Than Answers
Steven Sears in this weekend’s Striking Price is still on board the “Keep the VIX in perspective” train: Stop obsessing about the VIX. The Chicago Board Options Exchange’s Market Volatility Index (VIX) is many things, just not all things. It can rise or fall for reasons that have more to do with trading type than market direction. During the week, some investors sold short-term hedges and bought long-term hedges. This exacerbated the VIX’s recent lows, and is one reason why the SPX…
Tuesday, May 27, 2008
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