"This Is Worse Than Lehman"

by Tyler Durden
Thu, 03/12/2020 - 16:45

While the size of the decline overall is not as bad as during the great financial crisis, the velocity of the moves are unprecedented.

The last four days have seen the equal-weight S&P crash 18% - that is faster than at any time during the Lehman crisis…

And while VIX closed at its highest since Oct 2008, the velocity of this move - a 33 vol spike in 4 days - is unprecedented…