agreed. volatility was being artificially suppressed. it was a manufactured sense of calm and stabiity to get the markets to where we are now. looking at last years market gains you can see basically a straight line upwards, an almost perfect 45 degree angle. only Bernie Maddoff's performance chart was more pristine.
take a look at TVIX or UVXY long term, jr inverses of XIV and SVXY. from ~200K to 4.66 if held in your acct. XIV started at about where it was before it collapsed to now twice. Prospectus essentially states that you can expect them to go to zero.
trade them if you like the thrill, do not own them
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