"All Clear"? European 'VIX' Crashes By Most Ever To Record Low

With the Dutch Election behind them, it appears European stock investors see nothing but smooth-sailing ahead...
Europe's VIX collapsed overnight - by the biggest relative amount in its history - to close at the lowest level since the Euro began...
For context, this collapse compressed the relative risk premium for European stocks over US stocks to zero... something we have only seen historically at extreme systemic stress points...