The Revolution Begins Part 2

Dusted ourselves down and carrying on, are we? BlondeMoney has taken your temperature and this is why you’re saying that the inverse-Vol product blow-up of Monday night doesn’t really matter:

  • It was an esoteric product with hardly any AUM
  • Caveat emptor, if you buy something and don’t read the prospectus, more fool you
  • We all knew this stuff was dodgy, so it’s no surprise
  • No-one has found any significant bodies
  • Market was too one-sided, this cleared out positioning and gives . . .

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