Is The Risk Greater Than the Market is Showing?

TheoTraders look beyond the noise of the market into what can be called second level thinking. If the markets are priced to efficiently and volatility drop to zero is this the safest time or the most riskiest time to buy? The casual thinker may say the safest. A TheoTrader would say the riskiest. A TheoTrader will remember that the risk in the market was at its lowest point right before the 2008 financial crisis.