Since January 1st, the average daily price volatility of stocks has fallen more than 60%. It's the biggest straight-line drop in 82 years.
A lot of investors are rejoicing. After all, stocks have risen an average of 17% a year when volatility is this low, Bloomberg reports.
There is, however, a dark side. Periods of abnormally low volatility are a warning bell. Namely, they tend to precede powerful reversals that can wipe out investors, as was the case in 2000 and early 2008, and at other key turning points in the past 100 years.
So today let's talk about what low volatility means for you - both in terms of upside and how to protect yourself in a downslide.
If nothing else, <a href="http://moneymorning.com/2013/02/22/as-volatility-hits-new-lows-it-could-be-time-to-sell/"you've got to see this chart...