Monday, August 31, 2015
Oh god Business Insider is at it again with the clickwhoring lies
BI - Goldman Sachs says this chart looks like this only when there's about to be a recession. With this chart:
Uh, no, it doesn't, and Goldman Sachs didn't say it did either.
That chart "only looks like this" when people are buying downside protection. That's what the $VIX is an index of. And people buy downside protection whenever the S&P drops 5%, like last week.
There is a dataset of recessions that has only three relevant times: 1991, 2001 and 2009. Whereas this chart shows the $VIX above Business Insider's "scary line" in 2011 twice, when we didn't have a recession. So Business Insider's implied dataset is garbage to begin with.
Again, Business Insider are posting such stupid childish crap that you have to wonder if they're trying to drive away anyone with an iota of intelligence and only sell the eyeballs of fucking idiots.
My god what a stupid website they've become.