Do you believe the market top is in? Or is this simply a corrective phase along the way? Will the Plunge Protection Team step in as they tried to do with the "Dead Cat Bounce" clearly visible in this trading session?
Let me know what you're thinking here.
The pullback has caused some problems with the Credit Suisse XIV, short VIX tracker. It is ok though because the index is "fully hedged". I wonder who they are hedged with? Would they be also be hedged?
True! If that was just a taste, imagine what's going to happen when this really goes down!
I think it could be the top, as this is a preview of what is coming, this month could rise a little more or be sideways, and in march it could resume the fall in my opinion.
That would be great. We need sanity to be restored.