The last time the VIX got this low and signaled this much complacency in U.S. markets, marked the decoupling of U.S. markets from the entire rest of the world. Two and a half years of ignored volatility later and complacency has returned to the same asinine level...
"What, me worry?"
A two and a half year divergence which started when the dollar rallied sucking in global capital. The only difference is that this time around, the dollar is no longer rallying...
Which means that the Anti-Globalization rally was a Ponzi success...
"By almost any measure, the world is better than it has ever been"
"For me I mean, fuck everyone else..."
