Because as it is with any fireworks show, there is always a pause right before the grande finale...
Despite record oil inventories, and record speculative positions, oil is trading in the tightest range in two years.
Realized volatility:
Global Central Banks and now the Imploder-In-Chief have given Wall Street gamblers no choice but to embrace risk...
This chart shows the accumulated cost of hedging via VIX futures rollover...
CNBC Feb. 17, 2017
Fundstrat's Tom Lee says he's been too cautious on the market
Lee also said he was reassured that his system of buying CRAP — stocks related to computers, resources, American banks and phone carriers — has served him through the rally.
All of which is to say that risk is no longer being managed. Which will make the grand finale...
"spectacular"
You can't make up shit dumber than this...
Reality is on the way to the show. Any questions?
