It isn't about Lindsay Lohan
Big Brother is Peeping. |
arguably the most influential blog ever.
Big Brother is Peeping. |
Goldman Sachs Seeking to Invest in Company to Buy Failed Banks
A Goldman Sachs Group Inc. private equity fund is seeking to join Oaktree Capital Management LP and the Illinois teachers’ pension fund as an investor in a company planning to buy failed U.S. banks, according to public records.
The VIX, as the Chicago Board Options Exchange Volatility Index is known, rallied 6.1 percent to 34.81 at 12:30 p.m. New York time to extend yesterday’s biggest gain since September 2008.
We just want to point out that a VIX at 34.81 is nothing spectacular, and that common sense suggests that the sort of fear that would accompany the possible disintegration of the Euro, a 10% fluctuation on the Dow, the threat of a global debt contagion bigger than the global financial crisis of 2008, etc. would suggest a substantially higher VIX. A redline, in fact.
In other words, until and unless that redline occurs, there is no VIX confirmation that any storm has passed. In fact, at these levels, the VIX is merely registering a few scattered raindrops.
For more info on the VIX, just search this blog for other posts.
Back slapping, rich white guys from Europe |
Greece Gets $146 Billion Rescue on EU, IMF Austerity Package
May 3 (Bloomberg) -- Euro-region ministers agreed to a 110 billion-euro ($146 billion) rescue package for Greece to prevent a default and stop the worst crisis in the currency’s 11-year history from spreading through the rest of the bloc. (continued)
Resistance is apparently working. |