Alarm. Then Complacency.

Addison Wiggin, bestselling author and founder of Agora Financial 

At 2:20 EST on Wednesday, Oct. 4, every cellphone in America went off. Did you notice? It was a mass message from the Federal Emergency Management Agency (FEMA). The purpose, they claimed, was to be sure they can “effectively warn the public about emergencies, particularly those on the national level.”

“Spooky,” my friend Addison Wiggin’s son Henry wrote to his dad from his seat on an Amtrak train. “The government is tapped into all our devices!”

Henry described the experience on the train as mass concern and confusion, but just for a moment. “Then, within moments,” he said, “everyone settled back into a weird complacency.”

First confusion. Then complacency. That’s a pattern Addison sees happening in the financial markets today. Read his analysis here.