Wednesday 6 April 2011

Complacency amid crises - investors questionably calm as VIX tumbles amid world upheaval

http://articles.nydailynews.com/2011-03-29/news/29375783_1_volatility-index-vix-index-fear-index

Bullish sentiment prevails.

VIX is at a low.
DXY is at a low and unable to rise.
EUR is strong in spite of the PIIGS problems.
AUD and CAD are at multi year highs along with the CHF too.
Japan is in a mess.
US Municipal Debt issues are a potential risk.
China is overheating.

Yet - the market ignores all this and relentlessly moves up.
SPX is almost back to its mid March high near 1330.

It is time to stand aside and think
Can this be for real?

Can this last?


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