Thought for the Day

Last night Blondemoney attended the retirement drinks of a loyal reader (and fabulous markets person to boot). Everyone agreed we were all older, not wiser, but definitely wider. In such a reflective mood, not to mention caffeinated, today’s missive contains some thought-provoking charts with which to send you into the weekend…

  1. “Dancing on the rim of a volcano”

At least that’s what Soc Gen believe the markets are doing with this chart, showing the extreme levels of selling of the VIX:

Sure, maybe these crazy levels are unsustainable. But markets can stay irrational . . .

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