The VIX (VXX -6.7%) continues to slump, suggesting an ominous complacency in the face of...

|By:, SA News Editor

The VIX (VXX -6.7%) continues to slump, suggesting an ominous complacency in the face of struggling stocks. The VIX, however, measures the implied volatility of one-month S&P options, but tells nothing about forward volatility, which - as recently as late summer - was at a higher level than the day after Lehman went bankrupt.