The VIX dropped sharply and is at low levels. Many commentators are saying this is a sign of complacency (bearish). It may be true. History shows, however, that the VIX can stay low for a long time. In this case the VIX is not a measure of complacency, but a sign of confidence and strength in the market.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked second best gold timer by Timer Digest
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