Just check out the daily bar XIV, SSO, SPY trader below>>>>...the action of XIV is truly unique from a historical perspective.
The VIX itself crumbled 8% today, a completely out of scale reaction to the slow pace of SPY gains.
With VIX now below 12 a lot of traders are pondering what's next...how low can the VIX decline before we see a reversal and a day of reckonng? The FED's usual double-speak pronouncements today also helped boost the markets into the close.
