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Matthew Lynn’s London Eye: Here’s why we should celebrate this dull market

Watching paint dry. Waiting for the Greek economy to revive. Re-reading some of Mitt Romney’s 2012 campaign speeches.

There are lots of things we can all no doubt think of that are a bit more — a heck of a lot more — exciting than the stock market right now.

The markets have hit a period of exceptionally low volatility. A move of 20 points is starting to count as a big day. Months, indeed years or decades, start to drift by with no real change in the overall market. Trading volumes have wilted, and even those people who were interested in the first place have started to tune out.

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