Dow Opens Above 25K As VIX Does Something It Has Never Done Before

After closing at a record low last night below 9, VIX is trading with an 8 handle this morning (amid somewhat chaotic trading). VIX has never traded below 9 two days in a row... ever.

 

 

As we noted yesterday, it's only traded below 9.0 on seven days since the index was created 28 years ago - six of them in the last six months, the other in Dec 1993.

And The Dow tops 25,000 - the fastest 1000-point leap in history... (Dow first crossed 24k on 11/30)

 

Time for a new Dow 30k hat soon?

 

Meanwhile the yield curve continues to collapse to new cycle lows...