by Chris Becker
So did anyone buy VIX options knowing I was going on holiday last week? With alarming regularity whenever I walk away (by design or bad luck) from the trading screen, shit happens. The local ASX200 dropped over 4% making a new three year low amid epic volatility in other currency, commodity and gold markets. Let’s get straight into the weekly charts and try to make sense of this mess as the Mining GFC rolls on!
The Shanghai Composite is trying valiantly to get out of crash mode, actually rising 1% for the week, bouncing off a new terminal support at just above 2600 points.
