Monday, May 23, 2011

VIX Jumps Again ("What if He's Masturbating?") VXX; TVIX

From MarketBeat:
The stock market’s volatility index rose to its highest level in two months on Monday as investor concern over the worsening European debt crisis carried over to U.S. markets and drove stocks down.

The Chicago Board Options Exchange Volatility Index, or VIX, jumped nearly 15% to 20.03 early Monday morning, rising above 20 for the first time since March 23. Higher VIX readings for a third-straight session suggest investors are increasingly wary that Europe’s debt woes will continue to drag on U.S. markets.

The VIX was up 1.23, or 7.1%, to 18.66 in recent trading....MORE
I am too old and jaded. My first though on reading the headline was the sperm scene in Everything you always wanted to know about sex:

"What if he's masturbating? I'll end up on the wall!!!" 
-Woody Allen