NEW YORK — Is the lack of fear on Wall Street something to fear?
Sunni extremists are inching closer to Baghdad. A housing bubble in China is deflating. Russia is massing troops near the Ukrainian border again. Military forces in Egypt and Thailand have staged coups.
In a world suddenly more dangerous, you’d think fund managers and traders would be selling and buying and selling again in a frenzy of second-guessing. Instead, they’re the picture of calm and contentment.