Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
As the VIX got pounded back into the sub-teens today, it occurred to me to compare the present activity to the period preceding the financial crisis. What I found was interesting. The chart below (click it for a much bigger version) shows 2003-2007 on the top and recent history on the bottom. You may notice a lot of similarities between the top and bottom, and I’ve drawn a red line at the top showing the equivalent of “right now”.
Then we had further “stories” of Deutsche Bank crashing and taking the world financial markets down with it. And, once again, all the “safe haven” gold addicts were harping about how gold was going to soar on this news. While more and more bad news was coming out about Deutsche Bank this past week, more and more were calling for not only the collapse of the company, but also a crash to the markets and a moon shot for gold.
These days, a VIX of 19 is considered a full-blown panic. Anyway, we’re deep sub-teen again.
No fear. No worries. No problems.
