The most important takeaway of the net short VIX ETP position is that short VIX ETPs now have more vega to buy on a given vol spike than ever before - leaving the potential for an outsized increase in volatility should the SPX sell off sharply...
http://www.zerohedge.com/news/2018-01-11/has-only-happened-twice-history-goldman-asks-should-we-worry
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.