By all definitions the past two years have been pretty challenging to many retail traders and not surprisingly the exhaustion I sense in the comment section is palpable. A lot of what has transpired can be attributed to a marked increase in realized volatility which over time has contributed to a now permanently elevated baseline in implied volatility.
Once again the prospect of a war with Iran hangs in the air this morning. True to form pundits in the mainstream media are falling all over each other peddling opinion pieces rife of impending doom & gloom. The lowest hanging fruit, especially when it comes to any conflict in the Middle East, is of course the prospect of an explosion in crude prices as purportedly evidenced by a record spike overnight in the Brent and (strangely) the WTI futures that briefly scraped the 20% mark.
Anchoring And The Bandwagon
