Joe Kernen won't be blowing smoke up anyone's ass at the end of this phase...
ZH: Mar. 9, 2016
A Major Divergence Has Emerged Between The Complacent VIX And The Global Financial Stress Index
"GFSI measures risk via 41 sub-components across a range of asset classes and geographies. It inflected in earlier in 2015 actually preceding the shift in U.S. equity implied volatility..."
"A major gap has opened up between global financial stress and VIX which is unusual as they have historically tracked each other extremely closesly..."
The bullshit market turned 7 years old today. Unfortunately, it's no longer a bull market, it's a full fledged bear market circa late 2008. However, bulltards didn't get the various memos...