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March 05, 2012 at 22:19 PM EST
VXX Expensive Again
Looking at the SPX index, actual annualized volatility has been below 10 for the past couple months, which is very low historically. Funny you don't hear about Taleb or Spitznagel when vol crashes, only when it spikes (talk about a convex payoff!). See below for a chart. [More...]
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