A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006. Now a Popeyes fast food restaurant on Google Maps.

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Entry from May 28, 2016

THe financial blog Zero Hedge popularized “BTFD” (Buy The Fucking Dip) in 2010-11, stating that the “dip” was an opportunity to buy something at a cheaper price. This jocular investment strategy was followed in 2013 with “BTFATH” (Buy The Fucking All Time High), where something rising to its all-time highest price provides the clear indication of positive momentum to go even higher.
“BTFVIX?” (Buy The Fucking VIX) was printed on Zero Hedge on May 27, 2016.
Wikipedia: VIX
VIX is a trademarked ticker symbol for the CBOE Volatility Index, a popular measure of the implied volatility of S&P 500 index options; the VIX is calculated by the Chicago Board Options Exchange (CBOE). Often referred to as the fear index or the fear gauge, the VIX represents one measure of the market’s expectation of stock market volatility over the next 30-day period.
Zero Hedge
Submitted by Tyler Durden on 05/27/2016 14:50 -0400
With Goldman suggesting VIX should be in the upper teens based on ‘fundamentals’ and event risks galore on the horizon (FOMC, Brexit, Spain elections, US elections, etc.) Geneva Swiss Bank suggests it is time to BTFVIX…
after BTFD is it now time to BTFVIX ?
2:08 PM - 27 May 2016

Posted by Barry Popik
New York CityBanking/Finance/Insurance • Saturday, May 28, 2016 • Permalink

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