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I'm not talking about safe assets, I'm talking about what to buy now in advance of whatever crash is coming :) For example leading up to the 2007 crash the pro
by roymurdock 9y ago
I'm not talking about safe assets, I'm talking about what to buy now in advance of whatever crash is coming :)
For example leading up to the 2007 crash the pros that saw weakness in the mortgage market created and bought "credit default swaps" allowing them to bet against mortgage-based securities
- lazerpants 9y agoAh, well if you could go back in time to last week, you could have made a fortune with put options on VIX ETFs before some of them failed. Volatility being at such a tremendous low is definitely unusual and the possibility of ETF failures was baked in. Maybe in a few years we'll see a movie about people with foresight making money off of that event.