This Indicator Makes Me Wonder If An 1987 Like Crash Will Happen Soon

Skew is now getting to high levels that are infrequently encountered and often precede a stock correction.  Arguably, skew is a better measure of tail risk aka "black swan potential" than the volatility index VIX.

VIX is near all time lows on a monthly basis going back to the mid 1990s (before the tech bubble).
Low VIX levels suggest high complacency among investors.


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