Stock market topping as complacency reigns?  Fibonacci
Forecaster  Complacency is reaching new levels, not by virtue of
the VIX but by statements made this week by the CEO of a
publicly traded company. You may have heard the comments made by
Howard Schultz, CEO of Starbucks. He basically said he doesn’t
need the business of those people who support the view of
traditional marriage. We don’t get into the politics of such
discussions. To be fair I had a similar view last year when Dan
Cathy of Chik-Fil-A offered up his views on the opposite side of
the same issue. I defend each individual’s right to freedom of
speech. What I didn’t like was the reaction by the mayors of
Boston, Chicago and D.C. who basically said Cathy’s business was
not welcome in their town.  While I support Mr. Schultz’ right
to express his views I feel confident he wouldn’t have stated
these views publicly if the VIX were at 40. I come from the W.
Edwards Deming school of customer appreciation. In case you
don’t know, it was Deming who is r