Wednesday, July 27, 2005 12:24:33 AM
The Baffling Behavior
What happened to the market after the terrorists bombing in London on 7/7/2005 continues to baffle me.
VIX was visibly starting to trend higher towards the end of June - about the time when M3 money supply started to shrink. This signaled increased "implied volatility", which in turn means market was deemed to become riskier. And then, the London bombing suddenly brought the "calming" effect that knocked the VIX down to lower low while boosted the market higher??? And, those 2 gaps that weren't filled was most unusual.
If what happened after 7/7 was what I thought it was, then these two "countries" (see red arrows) holdings of the Treasury Securities should go up much higher in June. I can't wait to see the report due in a couple weeks.
Incidentally, the amount of money ($120 billions - $130 billions monthly) that "Caribbean Banking Centers" have to invest in our Treasuries every month is something else. What happened to the "real" investigative journalism?
What happened to the market after the terrorists bombing in London on 7/7/2005 continues to baffle me.
VIX was visibly starting to trend higher towards the end of June - about the time when M3 money supply started to shrink. This signaled increased "implied volatility", which in turn means market was deemed to become riskier. And then, the London bombing suddenly brought the "calming" effect that knocked the VIX down to lower low while boosted the market higher??? And, those 2 gaps that weren't filled was most unusual.
If what happened after 7/7 was what I thought it was, then these two "countries" (see red arrows) holdings of the Treasury Securities should go up much higher in June. I can't wait to see the report due in a couple weeks.
Incidentally, the amount of money ($120 billions - $130 billions monthly) that "Caribbean Banking Centers" have to invest in our Treasuries every month is something else. What happened to the "real" investigative journalism?
David
#board-3693
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