"USA markets couldn't even manage 5 consecutive down days since....forever."
That's right Dopey. And that's precisely why measures of market complacency, investor optimism and volatility are so extreme and why I'm positioning short high beta stocks, junk bonds, the euro and long the dollar, yields and the vix.
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- Lessons from the October 1987 crash
Lessons from the October 1987 crash, page-63
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