By Surly Trader
Light volume, boring trading, reaching for all time highs on the S&P 500 and the VIX tumbles into the close:
Where does this drop put us in history? Oh, just back to February 2007:
The option players don’t buy the euphoria though as the Credit Suisse Fear Barometer (CSFB) Index indicates:
Which side of the fence are you on?
SurlyTrader is a portfolio manager at a large financial institution who specializes in trading derivatives.