Streetwise: The Market's 'Fear Gauge' Is More of a Tranquility Index Right Now
If the Vix could sing it would be humming along to a laid-back reggae tune, sipping a cool margarita and relaxing by the beach. The market’s “fear gauge” is pointing to no fear at all, a reason for contrarians—myself included—to worry that investors are no longer climbing the wall of worry. Once complacency sets in, the slide down the slope of hope can’t be far away.
If the Vix could sing it would be humming along to a laid-back reggae tune, sipping a cool margarita and relaxing by the beach. The market’s “fear gauge” is pointing to no fear at all, a reason for contrarians—myself included—to worry that investors are no longer climbing the wall of worry. Once complacency sets in, the slide down the slope of hope can’t be far away.
