Is the tide going out?

 

tide goes out

“ It’s only when the tide goes out that you learn who’s been swimming naked.”

-Warren Buffett, 1992 Letter to Berkshire Hathaway Shareholders

 

The question: is the tide going out? more importantly, are you naked?

Let’s start to consider it: The VIX, as I see it…

Picture source: Left High and Dry

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