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JAN 11, 2013 - Zero Hedge

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VIXtermination: Vol Banged To Lowest Close Since June 2007

Instead of a full recap of the market today, which did nothing all day on the lowest NYSE volume day of the year, we will present just one chart to show how it is that once again the market got its nearly miraculous green close and last hour ramp to avoid a red close for the day, and possibly week. The chart is, as has been so very often the case recently, that of the spot VIX, where the now usual gimmick of dumping oodles of VIX futures served to do one thing only: bang the close (a technical term, one which used to be illegal) so hard that the market's algos took the reflexivity signal ... Read More

Tags: VIXtermination: Vol Banged To Lowest Close Since June 2007,  Futures Latest News