Wall Street Journal Thinks Armchair Vol. Sellers May Be A Gang Of Silly Idiots
The Wall Street Journal is worried about volatility.
Actually, WSJ is worried that maybe the whole "you too can be a vol. seller" marketing pitch that's implicit in vehicles like XIV may be a siren song.
The problem, of course, is that by the time something ends up in the Journal, it's probably too late.
In a piece dated Monday called "Does a 263% Profit Mean Markets Are Efficient?," WSJ essentially parrots the warnings that have emanated from the desks of folks like Deutsche Bank's Rocky Fi
OK Mr TRH., where have you put your money at this time?
long: boat shoes, cigars, sand
short: stress
VIX will probably go to 4 before it goes to 20, central banks will destroy currencies before they allow assets of the wealthy to drop