Goldman Trader: "If You Ask Me What Period This Most Reminds Me Of, My Reflex Would Be The Year 2000"

By Tony Pasquariello, head of hedge fund sales of Goldman

For stock operators, the past two months were largely shot through with a sensation of abandon ship. Whether it was the seven week losing streak in the S&P itself ... or, below the hood of the index, the searing breadth of the selloff ... this episode brought elements of nowhere-to-hide.

To give context to just how turbulent the trading environment has been: 1-month realized volatility reached 34.9% last week, which registers in the 95^th percentile on a data set that goes back a full 90 years (link).