Here's what could destroy one of the market's hottest trades

REUTERS/David Gray Stock market volatility, as measured by the VIX, has been sitting near record lows for months, and shorting it has become a very popular trade. A 2-3% correction in US stocks is all it would take to wipe out many of those positions. Did you know that there have been 39 times since 1990 when the VIX has closed below 10, and that 30 of those times have happened this year? And 15 of those have been in the last 30 days! Ed Easterling of Crestmont Research sent me recently an updat...