Six Years of Buy the Dip Keep Stocks Calm as Other Markets Erupt
Has the Bull Market Run Its Course?
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The new haven trade is equities.
So suggests the Chicago Board Options Exchange Volatility Index, the gauge of stock market anxiety that has plunged 39 percent since January even as turbulence engulfed currencies, commodities and bonds. Compared with foreign exchange, U.S. shares are the calmest since 2006, with the Standard & Poor’s 500 Index hovering about 26 points from a record.