Everyone is excited about the vix today...
I'm certainly a believer that the vix is going to go lower in the next year.
but today.... what is interesting is that nobody is saying it's a measure of something else...
complacency.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
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