Idea for VIX:
- VIX finally has touched pre-COVID levels. The debt and margin fueled recovery is complete.
- Markets hitting ATH's every day (nearly a record for days in a row).
- Yet every warning is flashing, market components are down, yet indices grind up on low volume.
- Liquidity is flowing out, tapering has already begun, global credit impulse is negative, and market breadth is collapsing.
- We are in the greatest asset bubble in history, and underlying conditions point to the greatest crash in history.
- The crash has been telegraphed. In hindsight, it will be unanimously agreed upon that it was obvious. They will wonder how anyone could have been bullish here.
- Such is the nature of the rally that a significant drop would create a bid-less market and mass liquidations.
- Operators like to bid up a market to sell into (creating blow-off tops), and vice versa, to shake out retail and make sure the market will absorb their entire order.
It is all being set up for a great flush.
Classic accumulation pattern.
Bubbles make their greatest gains at their end.
Speculate the trigger by mid July.
"Be fearful when others are greedy" - Warren Buffett
GLHF
- DPT