the vix in 2008 october and march 2020 is at the same spike the difference was in october 2008 the market crashed 50% in matter of 2 months where as today it crashed only 25% from All time high or bubble price. in three weeks and no bids at all. nobody is putting any bid or buying any stock even with this much fear index or VIX. in 2008 there was lots of buying. the panic level and fear level is all time high yet no buying of stocks. from value investors like Buffet types. cause it's still expensive and no value. a worthless stock drops 50% in one day is still worhtless
Almost everything in your post is wrong, distorted/skewed with your opinion if not BS all together. VIX peaked around 96 in oct '08 whereas today so far it has peaked to around 77. The move back in '08 to peak VIX was from 1300 to around 820, That's about 37% drop not 50% as you state. The rest of the drop was declining side ways market action with declining VIX. Currently, the market has dropped from 3400 to 2400 (referring to futures price which is the only one that matters), that's about 30%, not 25% as you state. So, comparing those environments, i'd say VIX is behaving pretty much the same as in '08. VIX is measuring (mostly) the speed of a move, if you didn't know that. There is buying all around but that buying is happening through stop triggering. So, as long as you have stops at lower levels the market keeps on dropping. Why would anyone important buy if you offer them better price through your stops ? Market is moved by those who need liquidity at any cost. So, that liquidity is offered to you, at that cost, not better. I'm sorry but you are in no place of having an opinion about what value is. You clearly have no idea. You guys see everything in nominal. When the price is on the top half of your computer screen then it's expensive and when's down it's cheap, right ? And then switching timeframes for personal convenience to "support" your case