You just HAD to know what would happen next, after he quit.

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You just HAD to know what would happen next, after he quit.

For over four years, the VIX has engaged in a series of lower highs. No matter what happened, every single peak on the VIX was lower than the last. I am delighted to report that, after 52 months of waiting, this cursed prison has been escaped. Friday broke it.

I have been running a nonstop dinner party for almost 20 years, and I can never shake the idea that i have to entertain my guests. This is one of those very rare times when I honestly have nothing to say, and if I could bring myself to do it, I’d just say buh-bye until something happened next week. This market is as boring as hell. Honestly. I can usually write something or another to fill this space, but my God, this market has entered into some kind of dull equilibrium with NO volatility and NO atmospheric changes. Ever.

Want to see the only asset in a persistent bear market besides bonds? Look no further than the /VX (volatility) futures! Isn’t this sad?

Good Lord………….complacency has reached some extremes that the VIX is about to cross into 11-handle land. I have no problem with this, as people are selling puts dirt cheap since they figure Stonks Only Go Up. What’s next? Single digits?
