Very true Lazza, maybe investors are sleep walking The...

Very true Lazza, maybe investors are sleep walking

The Volatility Index of the S&P 500, also known as the VIX and referred to as the "fear index," can be thought of as gauging investor expectations of price changes in large-cap stocks. When volatility is high, (for example, during the VIX spike in 2008-2009) investors are essentially showing their concerns through their actions, usually trading out of the market.
In contrast, persistent low volatility this year and a steady uptrend show that investors have sufficient confidence in the future to "buy the dips." The presently low VIX level is in fact the lowest level ever recorded since the birth of the index in the early 1990s. Nearly every tiny dip attracts buyers.