Just another useless comparison twixt the VIXer of 1987 & 2008. However, just out of historical interest I’ll post it, volatility up to 150 on the VIXer…scary stuff.
The “87 crash was obviously a true “Black Swan” event, from complacency to total meltdown. By comparison, our current crisis was more of a “Grey Swan” plenty of people saw the potential for a severe market dislocation well in advance of the event. If you were caught by surprise, well there’s little hope for your continued participation in the financial markets.
