WSJ article.
Too many do not seem to understand that high volatility or high VIX does not drive markets down! That's putting the cart before the horse: it is declining markets that drive up VIX.
The Real Risk Is Believing That Volatility Is Risk Investors are much more concerned about a surge in the VIX than they are by the prospect of nuclear war—that’s a mistake
https://www.wsj.com/...106959?mod=e2fb