Volatility Index Falls Below 21 to New 13-Month Low

The CBOE Volatility Index (^VIX) fell to a fresh 13-month low yesterday of 20.69, closing at the lowest level since August 28, 2008. From the high of 80.86 on November 20 of last year, the VIX has fallen by more than 60 points, and is back to the pre-financial crisis level. Just another indication that the worst is behind us.

Comments

[knight:]

I dont know if that is an indication that the worst is behind us or their is complacency in the market. Their are at least 3 more shoes to drop in housing which will then effect the banks etc.

Oct 23 10:02 AM

[SeekingTruth:]

What did you say at the previous low in Aug. 08,
"the worst is just ahead of us?"

Oct 23 11:43 PM