New Name ?

MOVE

Harley Bassman's (then of BofA/Merrill) chart of the MOVE Index from ..wait for it..2010 !!

The MOVE is Merrill's answer to the ridiculously named "fear Index" the VIX. The VIX is 0 for everything in predictability but the MOVE has an impressive record of coming chaos.

MOVE collapses - and especially long compressed periods like this one, have tended to preview complacency, hubris and calamity. The recent pinning down of the MOVE to a new 5 YEAR LOW is directly on the Fed's doorstep. Get ready to move...(or they change the name)

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