Excited to expose the truth about Monday's market - Yen carry trade...
FYI - the VIX went to 68%, it's priced using options, not end of world.
See, when traders have to unwind (especially leveraged players borrowing yen - they further leverage buying not stock, more futures and options) in the options market, it makes huge moves. VIX prices using those options, so a false signal suggest the end of the world.