Zeev's Turnips Patch-No Politics (ZEEV)

[wahz]

I keep underestimating each swing. The actual volatility is incredible, as opposed to inferred risk premium ala vix/vxn. I thought we would run to 1380...we go to 1426. Thought we'd fall to 1335, we fall to 1264..so far. All very quickly. So, yeah, I would normally expect us to only pop to 1297 for "sure," and then 1335 if longs are lucky, so no doubt we run fast as hell to 1347.