That's what happens Larry when there are 64 million shares short and only 52.3 million shares outstanding... VXX (Long VIX ETF) is exploding higher amid the short squeeze... XIV (Inverse VIX ETF) is reflexively puking to new lows... And that is dragging stocks lower... UVXY (Ultra Long VIX ETF) as the ultras come under major pressure... But VIX is "stable"... As The VIX term structure remains in backwardation and longer-dated vol at highs... It appears that steamroller is getting very close to the fingertips picking up nickels... Charts: Bloomberg