Investors are hard to please. They wail and moan when markets are volatile. And when markets are quiet, well, they complain about that, too.
Not me. I say that the recent calm in markets is pure bliss. The CBOE Volatility Index -- the widely followed gauge of U.S. stock market volatility better known as the VIX -- has averaged 19.5 since its inception in 1990. But so far this year, the VIX has averaged just 11.5. (The lower the VIX, the lower the volatility, and vice versa.)