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The Market Ear with the latest equity market self-torture
Say hello to put puke
Nothing really new, but the crowd continues to load up on protection at local market lows, just in time when vols are very rich. Now comes the painful part where people realize “protection only costs money bro…”
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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