“I’m worried a lot about power in the financial services industry and I’m worried about the fact that […]

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Source: ‘Fear’ gauge showing little of it.

Wall Street 1Some investors interpret the benign numbers as evidence that worries about gridlock in Washington and the slowing global economy are overblown.

But others worry that the low readings are a sign of complacency, and that the potential for further declines in response to unexpected bad news isn’t reflected in stock prices….

If Wall Street is nothing else it is about worrying.  Those guys buy and sell on the slightest hint of something different happening. The above quote comes from Fidelity Investments as a form of advice to its investors.  What it basically says is that these guys are worrying that they are not worrying enough so something might come up and surprise them. Does that sound like paranoia to you? It sure does to me.