Business

"Historically there seems to be a new group of people each time that underappreciates the very significant risks of being short volatility and wants to learn this expensive lesson."

Co-inventor of the VIX index, Sandy Rattray is CIO of Man Group, CEO of Man AHL, and a member of the Man Executive Committee, and he has a clear message for investors - he believes it is extremely unlikely that today’s low realized volatility represents a 'new normal'.

Shortly after Jon Corzine not only destroyed MF Global but "vaporized" $1.6 billion in supposedly segregated client funds which were illegally commingled with operating cash, Jon Corzine had a brief encounter with the legal system including several kangaroo court sessions in Congress, which ultimately led to absolutely nothing for two simple reasons.

Reason #1:

And Reason #2:

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You’d Think We’d Be A Little More Worried . . .

Posted with permission and written by John Rubino CLICK HERE FOR ORIGINAL)

By now everyone with an Internet connection is aware of the “ransomware” attack that shut down hundreds of thousands of computers over the weekend.

Having taunted shorts just over a month ago, Tesla CEO Elon Musk appears to have flip-flopped back to reality this morning, admitting in an interview with The Guardian that "I do believe this market cap is higher than we have any right to deserve," adding "we’re a money losing company."

When Tesla stock surpassed $300 in early April, Musk took to Twitter...

Stormy weather in Shortville ...

— Elon Musk (@elonmusk) April 3, 2017

Authored by Nick Cunningham via OilPrice.com,

Desperation is spreading in Venezuela as violent protests continue to paralyze the country, further damaging the country’s shattered economy. Venezuela’s already-decrepit oil industry is deteriorating by the day, and an outright implosion is no longer out of the question.