Nomura: Key Measures Of Exuberance Don’t Show ComplacencyRupert Hargreaves
In July, the market's most commonly used measure of volatility, the VIX, plunged to a 23-year low of 9.04, the lowest level since December 1993. As Reuters pointed out at the time, if the index had closed at this level, it would have been the lowest close in history. The lowest level ever recorded was 8.83 in December 1993. Are we experiencing irrational . . .
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