The VIX

Last week the VIX made a new low and was at the lowest level seen in years..Last year when the VIX got down to the 10 area, the market had a pullback lasting a few months.. A low VIX reading is a sign of complacency and from a contrarian point of view is considered bearish.. We may get a pullback in the market given the overbought condition, but I still think we have to look to buy the dips..