So where is the fear?

vix

In my opinion it’s really hard to get overly bearish with a VIX reading below 20. As depicted on the above chart, during this most recent correction we saw a lower low in the S+P 500 along with a lower high in the VIX. So investors and traders are not exactly clamoring for downside protection, at least not yet.

Today the VIX trades back below 15 and is down over 6% from yesterday’s close.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s