Wait, what the hell is going on here?
The S&P500 (SPX) was up 17.1% in 28 trading days as of Friday's close. Absolutely absurd.
But what if I told you it was also the first time a ramp up that hard ( 17.1%), that fast (<=28 trading days) had happened since the beginning of computerized trading (1982) where EITHER:
- VIX was under 22 (it closed Friday at 17.15)
OR
- SPX closed at a new all time high close (it got close in 1991)
Freak out all you want about analogs to 1999, this has never happened before in most of our lifetimes.
Should you buy puts? Calls? A gun? Pack of hyenas?
What do I care?
GOD, I missed me.