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JPMorgan Asks: ‘Has The Marginal Equity Buyer Gone?’
I guess you can't blame investors being a bit shell-shocked.
I mean after all, it was just a month ago when the VIX ETP rebalance risk that everyone summarily dismissed as an urban legend (at least in terms of whether it would trigger a black swan vol. shock) was realized, thus putting to bed the idea that the potential for those products to create chaos was old wives' tale.
During that same bout of flash-crashing madness, market participants also learned that the systematic deleveraging bogey
Heisy, could this emini futures liquidity decline be related to the XIV blow up? Didn’t they execute their positions via S&P futures? And that ended not so long ago too…
I guess if i were not a cynical person I would hope that the tax payer funded corporate buy backs would soften the fall of the beast. No Sir! Let it fall and get busted up so badly that precedents used to create it are discarded in the roll off container and hauled off to the landfill. By Gawd!