Want to see what a world gone crazy looks like? Well, then look no further than the following (updated) set of volatility charts from Citi’s credit strategist extraordinaire Matt King, who shows us just how far off the proverbial rails our “markets” have gone:
As you can see, anomalies are no longer anomalies. They are now the norm.
Be afraid. Be very afraid.
But also be aware of the trading opportunities this kind of realized vol affords.
And God bless Matt King by the way – one of the best on the Street, hands down.