The Iran escalation feels uncertain and could swing either way, yet traders seem remarkably calm about it. Probably because Venezuela's situation played out way smoother than expected back then. When a major geopolitical shock doesn't crater the market like everyone feared, it shifts investor psychology pretty hard—suddenly people think they can weather anything. That complacency can work for you or against you depending on what actually unfolds. Markets have short memories, and past smooth landings don't guarantee the next turbulence ends the same way.