Slouching Toward Nowhere
The past six weeks have been pretty much a bull-fest. Now that we're mushing up against the upper boundaries of what (God willing) will be the end of this rally, activity has shriveled up, and people are alternating between watching (i) grass grow; and (ii) paint dry.
The VIX has whithered away back down to the teens. Complacency is king again. Just look at the smirking bull on the cover of Barron's this week. I, for one, welcome our new bull overlords.
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