I gave up trusting the Vix when it stayed below 20 on a monthly basis for 4 years. Shaorting for big money has come and gone IMO.
RVX, VXN and VXO are all UP with this rally. The VXO is up 1.14. A small push down will rip this rally's legs off and beat it into submission. The talking heads are pretty sure it's all up from here, though.
I'm not sure I trust the govts numbers when they are trying to sustain the greatest bear market rally of all time, but hey whatevs.
You really think the banking plan is going to work? The thing has no chance in hell. Not even one bit of evidence has been shown that would even hint at success or recovery. How anyone can figure the market has hit its bottom when there is not one sign of improvement is amazing. In the next month the banking plan will drastically fail, the banks will become insolvent and nationalized and the market will plunge like never before.