DEcho

Interpret a Stagnant VIX As You Will

With the big players overweight in cash (ref: recent survey among European fund managers), and the bagholders feeling it's already too late to get out, I think we have a high level of apathy for those still active in the market..
So what comes after apathy ? Two possibilities: Apathy turning into fear when reality sinks for latter group, giving another leg down. Or cash coming into market again...

This is just me speculating ofcourse, any feedback most welcome..