VIX Crashes To 9-Handle For First Time In Over 10 Years

As Nasdaq melts up faster than Bitcoin, perceived equity market risk has utterly collapsed. VIX just hit 9.92 as Nasdaq hit 6,100 (note the most recent low is 9.39 from 12/15/06 and all-time low at 8.89 on 12/27/93).

VIX just traded with a 9-handle for the first time since Feb 2007.

And maybe there’s further to run.

Despite Goldman recently warning, policy risk remains under-priced.