Last week we noted that something unusual had happened in the equity market volatility complex. Specifically, VIX had collapsed at its fastest pace in history. From over 36 to almost a 10 handle a week ago, the Fed’s flip-flop had re-energized the sell-vol-at-all-costs trade that has become the bread-and-butter of so many of newly-minted ‘gurus’ in this market. Read More.