Monday, September 29, 2014
The three standard deviations brigade
Emerging markets are beyond -2SD. Big risk-off move, batman. It's even <-2SD on the weekly.
High-yield is -3SD. Again with the risk-off.
And $VIX is +3SD, with big Bollinger bands too.
Widening Bollinger bands with 3SD moves is pretty interesting, I'll give you that. Dunno what's going on here, but it probably involves a lot of piddled pink panties.