The Volatility Paradox

The volatility paradox isthat the time that volatility in the market is low, you would think risk is low. Risk actually is high and growing, but it's growing under the covers. The risks that matter are big shocks to the market like a recession or people being forced to liquidate. Enow i there is high concentration in the market, if there's a lot of leverage, thos things suggest that you're in a vulnerable state.