New York
EACH morning, at the market's open, Seth Golden, a former logistics manager at a Target store, fires up the computer in his home office in northern Florida and does what he has done for years: Put on bets that Wall Street's index of volatility, the VIX, will keep falling.
It has been a lucrative strategy as the fear gauge has been, outside of the occasional spike, largely fearless - confounding experts by sloping persistently downward and in the process making him a multimillionaire.
"There has been a lot of white noise," he said last Tuesday on a day that the VIX plummeted more than 10 per cent, allowing him to lock in profits from short trades.
"You had North Korea, Afghanistan, Trump...
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