Markets have nothing left to fear but fearlessness itself
Greed is going up, but with volatility at a 20-year low, markets are teetering ever more precariously
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GREED seems to be running the show in global markets. Fear has fled, and that may be the biggest risk of all.
Currency volatility just hit a 20-month low, Treasury yields are in their narrowest half-year trading range since the 1970s and the US equities fear gauge - the VIX - is stuck near a two-decade nadir.
