<t>So I am sure you all know about the whole Argentina default that has been in the papers lately, no need to delve into it. This so called "technical" default has lead some interesting investment opportunities ( Soros Doubles YPF Stake) and a conundrum that I cannot answer.The Telecommuncation comp...

Precisly, which justifies the argument that the volatility on the large caps, the vix, should never trade or reach parity when sell offs happen.

Not sure if the image uploaded:http://tinypic.com/view.php?pic=24pghus ... 3wUYfldX5k

Thank you!

I would love to post a picture here of the two ratio between the VIX/RVX. But the attachment option won't accept the image file, it says something along the lines of "Sorry but the file your attaching is not permitted". What am I doing wrong??

<t>Relative value of large cap volatility.We all track the VIX as a measure of volatility, but we often forget that the VIX is volatility indicator for the large cap index within the SP500. We can construct volatility measures of volatility for different sectors/industries (tech, healthcare, financi...