As the bubble grows to the largest in human history vol upticks are smacked down as soon as they occur .
no vol rise lasts more than 2 hours before dealers smack the existential threat and try to put everything in its proper control box.
Hell is about to unleash ..... Vol is not pricing any of the systematic RISK that accumulates from 30 trilion in debt and stretcvhing the entire sovereing apparatus to the sole purpose of mark to market gains in Goldmans stock portfolio