Sorry, I couldn’t think of a more apt title for this post.
The CBOE Volatility Index, a popular gauge of whether people are expecting gyrations in the market, just saw its biggest monthly plunge in nearly three years. So are we headed for a mellow September?
Not necessarily, if you ask some of the major hedge funds, who say they’re torn between betting both on a stock-market downturn and on a sharp rise up in the U.S.—and can’t decide which is the more compelling case to make.
Flip a coin, it’s other people’s money anyway.