What Could Go Wrong? ‘Tis The Season To Be Vol-ly

On Thursday, we went back over just why it is that volatility can't get off the mat. To be clear, this is no longer a mystery. We know why market-based measures of vol. are disconnected from the best available means we have of quantifying policy/political uncertainty. You can read five reasons here. But although the reasons for this disconnect have been documented, discussed, and otherwise debated ad nauseam, you can believe the fixation will continue right up until there’s a vol. spike tha

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One thought on “What Could Go Wrong? ‘Tis The Season To Be Vol-ly”

You didn’t need to write this long column. It’s just more of the same. You must be very bored (like I am) and frustrated (hell yeah!) seeing this market have no reaction to bd news. Even North Kore has no effect as though the market is saying, “The only way we’ll let the market crash re: North Korea, is if they launch a nuclear weapon and it hits something.” We keep hearing the last line of your column, “What could go wrong? A lot.” Yet since Dec 2015-Feb 2016 (our last correction [14%]), markets haven’t even gone down more than 2%! And so much has gone wrong. When does this change?