Man! Hedgeye’s Keith McCullough and I are on the same page these days!
“Super short-term performance anxiety. That’s what a lot of people have right now, super short-term, that’s a problem. It’s embedded in all of our behavioral and biological issues. But these problems, if you go back and study this point in time; the spring of 2008, the spring of 2000, people* that had those and acted on those lost their fund, lost their job. You know, this is a big time, a big time for us, and if it wasn’t a big problem for some, if you didn’t have this almost existential FOMO**, then it wouldn’t be happening. Something to think about at VIX*** 30.”
**Fear Of Missing Out
***S&P 500 Volatility Index