Eric Peters On Tipping Points: "It All Worked Incredibly Well, Until It Blew Up"
Two years ago, long after we first suggested that the transformation of VIX from a measure of implied market volatility to a reflexive instrument that can be traded - and thus influence the underlying assets whose volatility it was supposed to measure - allowed the VIX to serve as the "fulcrum security" for broad asset manipulation, first the FT, then the WSJ confirmed what we said, namely that pervasive market manipulation was not only possible, but took place on a regular basis, courtesy of the VIX (see "Conspiracy "Fact" - VIX Manipulation Runs The Entire Market" and "Another Rigged Mark
