Dow Jones hit 22 000 and currently is sliding around that key level. The story is the same - new tops for US indices, or minor changes without the absence of more serious movements in either direction. This makes the market extremely calm and seemingly "sure".Not in that opinion, however, are the traders. They are betting for a shocking event, at least when judged by trade in the volatility index. Traditionally, the VIX index is rising at moments of market shocks.
And bets on such events are the highest for nearly two years. This is in the middle of near-record low values of the volatility index.
Investors turn to the historical performance of US indices and widely accept the idea of an event that will shake the market.
In addition, they rely on the two historically worst months - August and September - to repeat again and surprise investors. Especially in the absence of a more serious adjustment over the past few years.
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