Feb 05/15 – Don’t say there were no warning signs…

I continue to be amazed at the lack of concern with respect to the crazy volatility we are experiencing across a wide array of different asset classes. The latest gong show is the crude oil market, which in the space of two days rallied over 25%, only to give up 20% in a little more than 24 hours.

Oil should not be having multiple 5–10% single day moves …