Many market observers are pointing to recent trends in Wall Street’s ‘fear index’, the VIX
by Mark DeCambre
As the Dow industrials shift into hyperdrive, a sense of agita is rising rapidly on Wall Street.
A number of analysts and strategists over the past few days are cautioning that worrisome trends are starting to crop up as equities take the escalator higher, pointing to a market that is getting overheated.
On Wednesday, the Dow Jones Industrial Average DJIA, +0.19% were looking at their seventh record close in succession, which would be the longest string of all-time closing highs since the eight-session stretch ending March 15, 2013, according to Dow Jones data. The blue-chip gauge is on pace for its ninth gain in a row, also marking its longest win streak in about three years.