K****D
发帖数: 30533 | 1 S&P drops, then dollar rises, gold drops, oil drops, bond rises.
It that correct? So only bond rises? |
l**********t
发帖数: 5754 | 2 VIX index (or the VIX-based VXX EFT) & all the short EFTs are rising.
investors are moving away from risky assets (gold/oil/stocks) into "risk-
free" assets --- and among all sovereign debt, US treasury is considered the
least risky(compared to those in EU zone, which triggered the current sell-
off).
【在 K****D 的大作中提到】
: S&P drops, then dollar rises, gold drops, oil drops, bond rises.
: It that correct? So only bond rises?
|
K****D
发帖数: 30533 | 3 Shorts don't count. VIX can hardly be called a product. Is there
any ETF that tracks VIX pretty consistently? @_@
So indeed only bond rises, //sigh...
the
sell-
【在 l**********t 的大作中提到】
: VIX index (or the VIX-based VXX EFT) & all the short EFTs are rising.
: investors are moving away from risky assets (gold/oil/stocks) into "risk-
: free" assets --- and among all sovereign debt, US treasury is considered the
: least risky(compared to those in EU zone, which triggered the current sell-
: off).
|
s******d
发帖数: 323 | 4 why sigh?
【在 K****D 的大作中提到】
: Shorts don't count. VIX can hardly be called a product. Is there
: any ETF that tracks VIX pretty consistently? @_@
: So indeed only bond rises, //sigh...
:
: the
: sell-
|
l**********t
发帖数: 5754 | 5 "VIX can hardly be called a product" -- I meant futures on VIX of course.
There are ETF for VIX futures (or swaps).
And put options on indices of course.
【在 K****D 的大作中提到】
: Shorts don't count. VIX can hardly be called a product. Is there
: any ETF that tracks VIX pretty consistently? @_@
: So indeed only bond rises, //sigh...
:
: the
: sell-
|
l**********t
发帖数: 5754 | 6 "VIX can hardly be called a product" -- I meant futures on VIX of course.
There are ETF for VIX futures (or swaps).
And put options on indices of course.
【在 K****D 的大作中提到】
: Shorts don't count. VIX can hardly be called a product. Is there
: any ETF that tracks VIX pretty consistently? @_@
: So indeed only bond rises, //sigh...
:
: the
: sell-
|
K****D
发帖数: 30533 | 7 Too few choices for contrarians ah.
【在 s******d 的大作中提到】
: why sigh?
|
s********n
发帖数: 1962 | 8 why you guys pay so much attention to a "derivative of the index of the
implied volatility of a derivative of an index" ...
Isn't the behavior of the very underlying index itself hard enough?
【在 l**********t 的大作中提到】
: "VIX can hardly be called a product" -- I meant futures on VIX of course.
: There are ETF for VIX futures (or swaps).
: And put options on indices of course.
|
g*****g
发帖数: 34805 | 9 No, but there's option on VIX so there are indeed products.
【在 K****D 的大作中提到】
: Shorts don't count. VIX can hardly be called a product. Is there
: any ETF that tracks VIX pretty consistently? @_@
: So indeed only bond rises, //sigh...
:
: the
: sell-
|
m******t
发帖数: 2416 | 10 Because "the very underlying index" reflects only the "idiots", while
"a derivative of the index of the implied volatility of a derivative of
an index" is supposed to reflect the contrarians against the
contrarians against the big investors against the market makers
against the speculators against the trend traders against the idiots?
;-)
【在 s********n 的大作中提到】
: why you guys pay so much attention to a "derivative of the index of the
: implied volatility of a derivative of an index" ...
: Isn't the behavior of the very underlying index itself hard enough?
|
|
|
l**********t
发帖数: 5754 | 11 A "long-term" investor (by choice) probably won't worry about daily price
fluctuation, or care about any instruments move against the stock market in
the short-term. Sticking to your strategic allocation and rebalancing
during volatile periods probably is suffcient.
But f you are not a long-term investor and do concern about short-term
market movements, you may want to a) hedge and b) gauge the return/risk
trade-off so that you can act accordingly. Then these short EFTs and
derivatives are need
【在 s********n 的大作中提到】
: why you guys pay so much attention to a "derivative of the index of the
: implied volatility of a derivative of an index" ...
: Isn't the behavior of the very underlying index itself hard enough?
|
s********n
发帖数: 1962 | 12 Everything contains some information. In financial market, the concern
is never about too little information, but too much. We have hundreds
of technical indicators and dozen of economic measurement. Yet tons of
financial news flood in every hour from all over the world. What do you
do? read them all?
I am not saying derivatives are useless in general. But VIX options and
futures are way out of any meaningful usage except gambling.
in
then
it
【在 l**********t 的大作中提到】
: A "long-term" investor (by choice) probably won't worry about daily price
: fluctuation, or care about any instruments move against the stock market in
: the short-term. Sticking to your strategic allocation and rebalancing
: during volatile periods probably is suffcient.
: But f you are not a long-term investor and do concern about short-term
: market movements, you may want to a) hedge and b) gauge the return/risk
: trade-off so that you can act accordingly. Then these short EFTs and
: derivatives are need
|
s***w
发帖数: 521 | |
l**********t
发帖数: 5754 | 14 "But VIX options and futures are way out of any meaningful usage except
gambling."
I guess it is a judgemental/subjective call whether it has "meaningful usage". There are plenty of research on VIX and how its
implication in portfolio selection & risk management.
As to gambling -- all "investments" are essentially gambling because the
uncertainty & risk involved(thus VIX).
【在 s********n 的大作中提到】
: Everything contains some information. In financial market, the concern
: is never about too little information, but too much. We have hundreds
: of technical indicators and dozen of economic measurement. Yet tons of
: financial news flood in every hour from all over the world. What do you
: do? read them all?
: I am not saying derivatives are useless in general. But VIX options and
: futures are way out of any meaningful usage except gambling.
:
: in
: then
|
S****Y
发帖数: 4634 | 15 risk trade
people pile into riskless asset at the hint of another crash
【在 s***w 的大作中提到】
: why?
|
m******t
发帖数: 2416 | 16
Yep, risk aversion is the name of the game.
【在 S****Y 的大作中提到】
: risk trade
: people pile into riskless asset at the hint of another crash
|
o*****c
发帖数: 241 | 17 everything is a gambling nowadays. hundreds of or even thousands of
indicators/securities are not good enough to feed people. they will bet as
long as they believe profit is over there.
【在 s********n 的大作中提到】
: Everything contains some information. In financial market, the concern
: is never about too little information, but too much. We have hundreds
: of technical indicators and dozen of economic measurement. Yet tons of
: financial news flood in every hour from all over the world. What do you
: do? read them all?
: I am not saying derivatives are useless in general. But VIX options and
: futures are way out of any meaningful usage except gambling.
:
: in
: then
|
s***w
发帖数: 521 | 18 shouldn't be:
dollar up, then sp500 down (the reverse of cause and effect)?
【在 S****Y 的大作中提到】
: risk trade
: people pile into riskless asset at the hint of another crash
|
S******n
发帖数: 617 | 19 Even the best weathermen are working in hedge funds, haha
【在 o*****c 的大作中提到】
: everything is a gambling nowadays. hundreds of or even thousands of
: indicators/securities are not good enough to feed people. they will bet as
: long as they believe profit is over there.
|
