Authored by Dmitri Speck via Acting-Man.com,
Suspicion Asleep
You have probably noticed it already: stock market volatility has recently all but disappeared. This raises an important question for every investor: Has the market established a permanent plateau of low volatility, or is the current period of low volatility just the calm before the storm?
All quiet on the VIX front… what can possibly happen? [PT] – click to enlarge.
Authored by David Stockman via The Daily Reckoning,
Just call it Peak Crazy and move on. There is absolutely no reason for the stock markets to be at current levels, let alone melting-up day after day. The fact that this is happening is a measure of how impaired capital markets have become as a result of massive central bank intrusion.
Tepper tells us "we're nowhere near bubble levels in the stock market" - so buy... what's to worry about?
The world did not come to an end this weekend and that's all the excuse markets needed to squeeze higher again...
World did not end - yay! Buy Stocks, Dump Gold...
The global rout resulting from tensions over the North Korean nuclear standoff continued on Friday as world stocks tumbled for the fourth day, on course for their worst week since November following a third day of escalating verbal exchanges between Trump and Kim, as European and Asian shares tumlbed, volatility spiked, and the selloff in US futures continued albeit at a more modest pace as the escalating war of words over North Korea drove investors on Friday to safe havens such as the yen, Swiss franc and gold.