An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Friday, July 28, 2017
Stephanie Landsman — The market risk that makes Nobel laureate Robert Shiller ‘lie awake worrying'
Combination of low volatility (VIX) indicating complacency and historically high PE ratio, indicating apex of trend.
"We could see a major correction," he said. "This is not a forecast. It's a worry."
The VIX goes up AFTER the market sells off....
ReplyDelete"low volatility (VIX) indicating complacency"
ReplyDeleteIf the vix were not low it would be high and the market would already be down...
Similar to the theory that airplanes on the tarmac can't fall out of the sky.
ReplyDeleteSix it's another scam...
ReplyDelete