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Fifth Street Finance Corp. Message Board

deeremanuk 1 post  |  Last Activity: May 29, 2016 3:02 PM Member since: Dec 3, 2001
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  • With the VIX @ 13.12, M6 @ 15.38 and N6 @ 17.60 the contango is well above normal. If VIX stays flat a $75 SVXY by the end of summer is possible. Five things which could spoil this scenario:
    1. FED raises rates while economic data reverts to 1st qtr levels
    2. BREXIT - looks like it will be defeated but a major terror attack could change this
    3. Oil prices drop as glut is taken off hold - need oil to stay over $40
    4. S&P once again bounces off 2100 and 2025 support fails - with GAAP PE so high this is possible
    5. China has hard landing

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6.21Aug 26 4:00 PMEDT