Nov 03/14 – Ushering in a new era (and don’t forget to be long FX vol only)

I know that Friday’s market action was probably a little exaggerated due to the fact that it was month end (and also year end for many financial institutions). But I still found the moves frightening. I know that my concerns are definitely in the minority as most people believe that stock market rallies are much like being too thin or too rich – you can…