– VIX Surges Above 50 For The First Time Since March 2009:
For those traders who were desperately hoping that yesterday’s VIX selloff would mercifully end in the overnight session, or that – as JPMorgan’s Marko Kolanovic suggested some central bank would step in and bail you tout – we have some bad news: not only is the 116% surge in the VIX from yesterday accelerating, it is now up another 35%, above 50 – the highest level since March 2009 – extending its record surge as the vol eruption continues, and crushing the world’s vol-sellers, assuring that all those who were collecting pennies in front of a steamroller, end up, well, fully steamrolled.
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