Heisenberg Report

VIX Explodes To 50. That’s ‘5’ With A ‘0’ After It.

Just a little fair warning in light of everything that’s unfolded over the past 18 hours, the VIX is at 50.

That would be 50 as in a “5” and a “0”. Put together. To form one number.

So that would be an additional 35%-ish on top of Monday’s historic surge.

Intraday, that’s the highest since the aftermath of the yuan devaluation.

And just so we’re all on the same page here, on a closing basis, that would be the highest since March 2009:

The inverse-VIX ETPs are of course halted and apparently, Credit Suisse is thinking about buying back XIV after what happened on Monday.

Good luck folks…