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Note that VIX--market predictions of volatility in the S&P 500--has remained largely unaffected by the shutdown[0], suggesting that Wall St is putting its money
by enoch_r 13y ago
Note that VIX--market predictions of volatility in the S&P 500--has remained largely unaffected by the shutdown[0], suggesting that Wall St is putting its money where its mouth is--the market either "believes" that a prolonged shutdown is unlikely, or that a prolonged shutdown would be unlikely to plunge us back into a recession.
[0] http://finance.yahoo.com/echarts?s=%5EVIX+Interactive#symbol=%5Evix;range=5y;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined; http://finance.yahoo.com/echarts?s=%5EVIX+Interactive#symbol...
- apaprocki 13y agoThe chart may hide the fact that VIX has risen 20+% since Oct 1st when the shutdown began.
- steveplace 13y agoA VIX above 20 is pretty significant.