VIX - Hits Multi Year Low
Above is a weekly chart of the S&P500 (green line) vs the VIX. As you can see the VIX has reached a multi year low which suggests that many traders and investors are complacent with the market and feel comfortable owning stocks at these levels. From a contrarian viewpoint this suggests that the stock market may in fact be within days of making an important top.
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3 comments:
great chart. So not only may stocks be topping, but betting on that is very cheap. I had just bought 1350puts, but it's hard to stay contrarian when all the 'experts' on TV are bullish.
I've followed your blog for years and years, and enjoy it very much. thanks.
Hi Kevin,
I'm glad you resumed your blog. I used to follow it very closely.
Any follow up comments on the VIX bottoming and going up while stocks doing nothing?
Thanks!
Jack
It looks like the VIX is starting to move again now. I think we might be in for some volatility in the near future
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