To put the magnitude of volatility into context, here is the S&P / VIX ratio:
"Good news, the volatility is over"
"In my 50 year career sniffing glue, I've found that record high volatility and record low liquidity are the secrets to a sustainable bottom"
"This is what a bottom looks like, in case you didn't recognize it last time"
The short volatility bubble is officially over:
"Back in my day we only needed one retailer and one stock. To blow the whole shit show to kingdom come"
No one saw it coming...