The simultaneous rise of the S&P and the VIX Volatility index may well presage a stock market correction. With outsized gains in January, history suggests that we are due a cooling-off at best and most likely a reversal.
Goldman Sachs was on the tape yesterday saying stocks were the place to be, berating the Cassandras. They believe, given low volatility of inflation, higher stock multiples than normal are to be expected. GS thinks stocks may be 25% overvalued. Did I miss something?