00:00When the VIX goes up, write this down.
00:02If you can learn anything from this show, write this down.
00:04When the VIX goes up, over 30.
00:07When the VIX moves up, over 30.
00:10Individual news, obviously earnings reports matter, but little stuff like insider buys,
00:15upgrades, downgrades, that stuff takes a backseat.
00:18The macros are driving the bus.
00:20Most of the time, it's the micros driving the bus.
00:23And obviously, you got an earnings report, it's going to drive the bus too.
00:26But what big time drives the bus right now is the macros.
00:30And so if you're thinking, oh, I'm going to buy this stock because it's got an insider buy,
00:34and then the Japan sells off and the macros sell off, like why am I down on my stock?
00:39Or my stock was upgraded, why is it down?
00:41Stuff doesn't matter nearly as much when the VIX is this high.
00:45So you have to adjust your trading styles.
00:47You have to adjust those algos.
00:48And people who are just buying randomly on stock splits, we're not a month ago.
00:52If SMCI reports a 10-for-1 stock split a month ago, it's up $100 and everybody's happy.
00:57But we're not in Kansas anymore, we're going to sell the RIP market.
01:00And we're in a market that really is just, well, take the profits, but
01:05just it's got a lot of signs of a bear market, to be honest with you.
01:10Now, I know we're ripping here today, but the moves are violent in both directions.
01:16So it's a tough market right now.
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