FYI: This latest ‘flash crash’ is a notable event. There have been only three phases in last 25 years when the S&P500 has moved this rapidly in this short a period of time, a fact drawn to my attention by my perceptive colleague, Marc Beckenstrater (see figure 1). Similar moves in the last 25 years have coincided with genuine events. The Asian crisis, the tech bust, and the GFC. This latest flash crash is distinct – it has occurred in the absence of news. So what is going on?
Regards,
Ted
https://www.episodeblog.com/2018/02/09/volatility-virus-bubble-or-both/