### Comment:
To be fair, a little different this time since volatility has been crazy low from like 10/08-today

### REPLY:
https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm 
  
 Balance sheet goes from under 3.8T to over 4T in short order. Fed announces it will guarantee liquidity in the system at all costs and aim to prolong the expansion.  
  
 Why are we surprised about low volatility?

### END.