Investors are looking at the positives while the economy goes through the slow painful grind of healing. But the current market conditions may indicate we are getting some traction.
“People think you need good news for markets to go up when often all you need is just less bad news, or clarification,” Doll added.
Still, some analysts are warning that investors should be on guard when fear disappears from the markets.
“These days, many indicators suggest we are in an extremely low-risk market environment,” Dean Curnutt writes at Bloomberg. However, recent history is “rife with periods when the price of risk failed to reflect obvious financial realities.”
iPath S&P 500 VIX Short-Term Futures ETN
For more information on the CBOE Volatilty Index, visit our VIX category.
Max Chen contributed to this article.