, Columnist
Stock Investors' Breathtaking Complacency
A measure of earnings versus volatility expectations suggests a correction's in the wings.
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If you're an equity investor and feel like things can't be this good, you're probably right.
On Thursday, the MSCI World Index touched the highest since 1970, and while it's come back a fraction, it remains elevated. The Chicago Board Options Exchange Volatility Index, or fear index, is at 11.76, close to the 30-month low it reached on Jan. 27.