Trader T

Interpret a Stagnant VIX As You Will

The VIX hasn't spiked because the market is 'comfortable' or 'agrees' with the recent downturn. We might get a 10% recovery off our lows in the short term but the market looks like it will do a slow bleed at least through the spring.

The VIX spike in the summer was a response to the bank problems seen through bull market eyeglasses. The bull market is gone.