India VIX Soars Most Since U.S. Election As Investors Awake From ‘State Of Complacency’

Here’s one that’s probably not on your radar screen.

Ok, so Indian equities were shaken on Monday amid the global risk-off move tied to the Hermit Kingdom’s latest provocation and Kim’s claim that he’s successfully Scotch-taped an H-bomb to one of his garage-made ICBMs.

The Nifty 50 fell as much as 1.1% before recovering a bit:

NIFTY

But the notable bit here is the India VIX which at one point rose 19%, the most since September 29. Ultimately, it was up the most since the U.S. election:

IndiaVIX

“Uncertainty of reaction to North Korean provocation is dragging on Indian stocks and pushing volatility off from a state of complacency“, IIFL Holdings’ Sanjiv Bhasin warns, adding that “stocks are facing reality after climbing global wall of worries.”

Tomorrow, we’ll get to see if the U.S. dip-buyers, still hungover from Labor Day, are ready to “face reality” or whether the Target managers-turned hedge fund titans will be on hand to deploy the capital they raised from their neighbors in XIV.

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4 thoughts on “India VIX Soars Most Since U.S. Election As Investors Awake From ‘State Of Complacency’

      1. “The Shortness of Life Forbids Us Long Hopes”

        The phrase comes from lines in Ode 1.4, by the Roman poet Horace (65-8 b.c.e.):

        pallida Mors aequo pulsat pede pauperum tabernas
        regnumque turris. o beate Sesti,
        vitae summa brevis spem nos vetat incohare longam;

        “Still pallid Death is knocking at the hovels of paupers
        And the towers of kings. O happy Sestius,
        The short span of life forbids us undertaking long hopes.”

        https://hokku.wordpress.com/2013/02/05/they-are-not-long-the-days-of-wine-and-roses-the-brief-life-of-ernest-dowson/

  1. Geez! Who are you!? 🙂 That was fun to read and the sad story of such a poetic man – died at 32? How sad – makes you wonder what else he could had said if his life was not so short – and tortured. The rose garden at the bottom of that page is so beautiful! But you have to admit my thoughtful guess at the meaning was not bad for a “redneck” … hahaha!

    Have you caught up to the comments on https://heisenbergreport.com/2017/09/03/as-mnuchin-warns-on-debt-ceiling-lets-compare-harvey-to-katrina-because-thats-fun/#comments

    Happy Labor Day!

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