From Financial Armageddon:
Two recent posts, “No Fear,” and “Reversal Time?” noted the fact that investor sentiment looks dangerously complacent. But that seeming lack of fear is actually a global phenomenon.
Not only is the widely watched CBOE Volatility Index (VIX) trading near its multi-year lows,
indicating that options traders are less-than-concerned about the prospect of a major market disruption, so, too, are implied volatility indexes in Europe, China, and Japan.
The obvious question, of course, is…