Goldman’s Stark “Survival Guide” Warning: “There Is Uncertainty But No Fear”
No topic has received more attention recently than the disconnect between uncertainty (on every level) and volatility.
For obvious reasons, the VIX has gotten the most attention. Retail investors understand it (kinda, sorta), it has a cool nickname (the "fear gauge") and it's sitting near all-time lows.
But as we and others have noted, vol is suppressed across the board.
(Goldman)
That begets all kinds of (probably) dangerous steamroller-penny-picking and as BofAML's Barnaby Martin pointed
Of course the is no fu*king “fear” with the fed sitting in the wings with QE4 $$$$$ ready when needed, it will be needed. Print’em up guys. No vix my ass just like there is not enough INFLATION, no bubbles anywhere just ask Goldman and their pals.