My buddy "trader dude" just piped in that he agrees with my VIX comment...here come the men in white coats for sure.
Seriously, my man is right...the view that volatility could come down from here is the minority view based on the email I have received since the post. It isn't an opinion, but isn't it possible?
One of the mistakes that I have made in the past was to totally discount the possibility of the "other side." It may not be right, but totally discounting an eventual break to the upside may not be wise either.
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