The world has turned upside down

USflagIn this article John Mauldin notes that the volatility of the stock market, as measured by the VIX is at an all-time low. Low volatility indicates faith or complacency in markets, which Mauldin argues is currently misplaced. He suggests that the number and scale of recent catastrophic natural and man-made disasters, geopolitical instability and political failure in Washington D.C., the investing temperature should be higher. The low volatility is thus sending out a false signal that nothing can go wrong. We know that this is unsustainable. To read more, click here.