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Richard's Remarks

 

This market (note that I don't call it a bull or a bear), is stranger and stranger.

 

For one thing, volatility remains mysteriously low (currently 15.45), as you can see on the chart below. Thus, complacent traders expect low volatility in the weeks ahead, and the price of protection on the downside (puts) remains very cheap. One concept that I will remind subscribers about is that after low volatility, we usually experience a period of high volatility (you can see these alternations on the chart). So prepare for some surprising high volatility in the weeks ahead.

 

  

 

I've said it before, and I'll repeat it -- One nasty characteristic concerning a primary bear market is that whatever can go wrong during a bear market usually does go wrong.

 

In line with that thought, I ask myself the question -- What causes me to lose sleep at night? Answer -- It's the rather ... Log in or subscribe to continue reading.


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