To The Moon

I've been reading a lot of comments about the "panic selling" in the market this November. But something isn't adding up. We're seeing high-growth tech and AI stocks (the darlings of 2023-2024) getting absolutely hammered. Yet, when we look at the market's "Fear Gauge," the VIX (S&P 500 Volatility Index), it's hovering around 20. This is the central puzzle. A VIX at 20 is elevated, it's "anxiety"—it is not the "blind panic" (think 40, 60, or 80+) that we see during a true market-wide crash. So, if it's not a panic, what is it? I believe what we're witnessing is not a panic-driven stampede, but a rational, structural "liquidation" of the market's most expensive assets. And the key piece of evidence is the VIX's cousin. It is quite possibly the most orderly, professional, cold-blooded se