Jim Grant, founder and editor of Grant’s Interest Rate Observer, reminds The Daily Ticker that unlike 2010, when the memory of 2008 was fresh in investors’ minds and we had a “bull market in fear,” we are now in a “bear market in fear.”
He says experts can read this in the depths of the options markets, where people are no longer buying derivatives to protect themselves agains ‘tail risks, but are “getting in the swim of things going up.”
So this moment may be a fairly good one in which to begin fretting (though he advises against being a permanent worry wart), according to Mr. Grant.
http://finance.yahoo.com/blogs/daily-ticker/no-fed-taper-jim-grant-131604213.html
