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Irrational Complacency
March 2017

complacency (noun):

      a feeling of quiet pleasure or security, often while unaware of some potential danger, defect, or the like.

The financial markets feel complacent.  Time and time again, stock market investors merely shrug at adverse financial, economic, and political news.  Even the Federal Reserve’s rate hike on March 15th failed to elicit a negative reaction.  And the statistics support the anecdotes.

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