Looks like the PPT bought HUGE into APPLE, the “most widely-held” stock. This will keep many 401k’s from collapsing.
VIX exploded over $53, the highest since Jan 2009.
If you remember 2009, VIX drove the Media headlines, as “proof” that “Bush had destroyed the ECONOMY!!!”, a meme repeated ENDLESSLY in the weeks before the election.
Watch how different it is, this time....
Yes Apple stock made a huge round trip in fast time.
Apple had a lot of cash on hand to buy their own stock.
Many companies have been criticized for keeping lots of cash. Looks like they were smart.