My Own Market Narrative
"It will take a rally of monumental proportions to save the penis of John McAfee" - Zerohedge, 2017
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.
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