"Hyper-optimism has returned to the stock market," writes Steve Sears, noting the sharp recent...

|By:, SA News Editor

"Hyper-optimism has returned to the stock market," writes Steve Sears, noting the sharp recent decline (26% in a week) in the VIX (VXX) has brought it just about to levels associated with bull markets. He finds it disturbing as the move is seemingly not tied to economic fundamentals, but the hopium of easier central bank policy.