Markets continue their march higher, although some cracks are starting to appear. Amazon, one of the big five that is shouldering this stock market missed big time with their recent quarterly earnings, missing earnings by a massive 77%. There are other major issues on the horizon as well, with margin accounts sitting at record, auto-loan delinquencies piling up, household debt load skyrocketing, pensions debacle starting to unwind, US debt-ceiling on track to hit early October and many many more. Even with all these macro risks, investors continue to pile into the stock market and the volatility gets suppressed to a record low level. The following tweet illustrates how low the volatility currently is. Calm before the big storm?