BOSTON (AP) — Has the stock market finally entered a comfort zone?
Consider that the Standard & Poor's 500 index on Thursday climbed above 1,500 points for the first time since December 2007. Fourth-quarter earnings are mostly coming in strong. Less than four weeks into the year, stocks already are up 5 percent.
Anxiety has eased so much that the Chicago Board of Options Exchange Volatility Index, also known as the VIX, has dropped to its lowest level in nearly six years. Referred to as the market's fear gauge, it reflects expected movement in the S&P 500 over the next 30 days, as measured by options prices.
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