From North Korea to Russia to ISIS, it seems like problems are piling up. But Wall Street is turning into the modern version of Alfred E. Newman, with his famous expression, "what, me worry?"
Amaury Conti, the Research Director at San Antonio's Sendero Wealth Management, says the VIX, or volatility index, better known as the 'fear index' because it measures the concerns investors have for the market in the near future, is at its lowest level since Christmas of 1993, at the height of the 'dot com boom.'
"Investors are comfortable with the outlook for the next six to twelve months," he said.
Conti says despite all of the concerns that keep most of up nights, investors are sleeping soundly. He says through it all, companies are making money, which is why the stock market keeps hitting new records. He says that, and not the status of Iran's nuclear program, is what moves the market.
"And the reality is, the economy is doing okay, the economy is doing okay, consumers, overall, are doing okay."
He cites strong earnings at a number of prominent companies, as well as an unemployment rate which is the equivalent of 'full employment' in many states.
Conti says this is a 'gift' from the stock market to average investors. He says low volatility provides a perfect time for investors to rebalance their portfolios without facing the pressure of falling prices, which is when snap decisions about stock holdings are usually made.
He says one thing that is certain, is that we will see another market correction. Conti says investors can plan for that in peace today.
"You are not being forced to have to sell a stock or bond or anything else at lower prices or depressed prices," he said. "You can make those decisions now, what if the market corrects 15 or 20 percent, whenever that is, and can I be prepared for it and take advantage of it."
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