The Effect of Volatility on the VIX

Low volatility is generally followed by low volatility with regards to the VIX, and therefore the fear of a volatility shock that some people are talking about is probably wrong. What we actually see is the opposite that the lower ball, you know, buying ball when it's low and selling it when it's high is actually not what works. That's counterintuitive, but this is reflexivity at work. The ball is very well supplied dealers are long ball when the market goes down, they have to buy massive amounts of stock when the market went up,. And those tend to historically lead to more positive outcomes for for ball even relative to that price.