The VIX Index – a widely followed measure of US stock market volatility — slid to a three-year low on Thursday (Apr. 28 27), suggesting that investors are unusually serene these days when it comes evaluating the outlook for risk. In fact, investor sentiment has almost never been calmer, according to the VIX. The all-time low for the so-called fear index, which dates to 1990, is 9.48 on Dec. 23, 1993, based on daily data. Considering recent history, it wouldn’t be surprising to see the VIX touch a new record low in the days ahead.
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