The Chinese have a blessing, that some would say is also a curse, that wishes,
“May you live in interesting times”.
For traders like you and me, the last two weeks would have to count as interesting times.
I would say that yesterday’s $10 drop in crude was something I will tell my grandchildren about, but I think I will have some stories to come of market rallies and declines that are likely to make the 10% one-day move in oil seem like yesterday’s news.
I have seen the markets explode with volatility many times in my 37 years trading.
The challenge when this happens is what to do when the market goes from quiet to bizarre.
Years ago when I was on the trading floor,
