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Originally Posted by HaHa
An interesting side fact is that S&P volatility has reached 50 year lows, in spite of many obvious economic factors, geopolitical factors, natural disasters, etc. Not proof of anything, but interesting nevertheless. Ha
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Following up on Mikey's comment, here's an interesting Hulbert article on how the VIX's reliability as an indicator seems to be changing.
Gary Smith's observation on indicators behaving like this is that "indicators work-- until they don't."
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