My understanding is that the VIX has been around since 1995 or so ? I did read in an article in which the author stated that he had back-fitted the VIX to the 1987 crash and that it was around 145. I cannot find the article now and am wondering if anyone agrees with the VIX level during the '87 crash. I feel this is important to know the bottom if we have a crash like '87.
Are you arguing that the fact that the VIX hasn't made a new high since the July lows makes this similar to 1987?
Chasinfla Are you directing you question to me, ramuk or someone else? If you are directing it to me, the answer is not at all. I just posted the chart for the benefit of individuals on this thread asking about the VIX in 1987.
It appears the VIX went to a high of 170 in 1987. Here is a chart from LBR website. http://www.mrci.com/spot/index.asp I don't think the VIX level is so important but rather whether its daily range expands several days in a parabolic blowoff. Then often it makes a lower high a few days later. But now it just seems to consolidate before taking off.