By Karim Rahemtulla Panic!
That’s exactly what we are witnessing in the markets right now. But this panic can lead to opportunity!
Let me explain…
The CBOE Volatility Index (VIX) jumped over 50 today. That means the market is pricing in a 68% probability of a 50%-plus move in the S&P 500 (up or down) from current levels over the next 12 months. Let me repeat that – 50% up or down!
In 2009, that number was as high as 85%.
So that uncertainty is starting to creep in…
Part of that is thanks to the coronavirus and the U.S. government’s lack of a good strategy for combatting it. …read more
