A Brief History Of Tail Risk: From LTCM, ABX, CDS, To VIX
![A Brief History Of Tail Risk: From LTCM, ABX, CDS, To VIX A Brief History Of Tail Risk: From LTCM, ABX, CDS, To VIX](https://5ux.com/sites/5ux.com/files/styles/medium_250/public/resize/remote/14b8ee18f9e9ee821fdd4892ffa0f8cd-600x314.jpg?itok=3ImqvZqa)
Authored by Peter Tchir via Brean Capital,
I continue to be focused on tail risk. While I think valuations may be stretched, my bigger concern is that the real risk lies in market structure – more specifically to volatility and correlation strategies that quickly propagate through the financial markets with the aid of algorithmic trading.