Any other day the Dow has been up 250+ points the VIX has fallen 10% or more. With the Dow up almost 400 points the VIX has only dropped about 4%. Interesting.....
The VIX isn't correlated directly to volatility, only to the perception of future volatility. There's humans in the loop.
VIX will not fall much until significantly more time passes without major blowups. I think by March we'll be at 30-35 vix. March vix is at 48 right now...
the vix has some way to go before it tops the oct 1987 h of 170+ but does look like it'll go higher - 120 anyone ?