After a quick move higher on Tuesday's sell off, the VIX (VXX -2.6%) dives to its lowest level...

|By:, SA News Editor

After a quick move higher on Tuesday's sell off, the VIX (VXX -2.6%) dives to its lowest level in a year, as calm (complacency?) reigns. John Spence notes investors cancelling insurance policies for market pullbacks by pulling cash from volatility-linked ETFs