Investors are getting very greedy again

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What a difference a month makes.

Stocks sank in September on worries about inflation, the rise of the Covid-19 Delta variant, China's crackdown on top tech firms and Washington gridlock potentially killing the chances that President Biden's stimulus package gets passed.

Facebook was the main laggard Tuesday. The stock fell nearly 5% after missing revenue forecasts. The social media giant also continues to suffer from negative headlines following the release of"The Facebook Papers."The VIX, a measure of volatility that is often referred to as Wall Street's fear gauge, plummeted more than 30% in October so far and is near a 52-week low.

It's adding to the growing sense that the global supply chain problems will turn out to be hiccups that won't derail the economic and profit recovery that's taking place globally as more people get vaccinated for Covid-19.

 

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