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VIX Breaks Below Key Level, Dow Up 450 Points From Post-Payrolls Pessimism

Everything is awesome and volatility-less... VIX has broken back below the crucial 13 level (trading 12.94) as US equities v-shaped-recover from opening weakness leaving The Dow up 450 points (topping 18,000) from the post-payrolls pessimism... as we overheard on CNBC this morning, "the worst earnings season in 6 years is a buying opportunity."

It appears 13 is 'cheap' enough to encourage some hedging...

 

Sending stocks soaring...