Index and $VIX Tops and Bottoms (No Pennies!!!!)

[TeaCake]

OT? - I talked to about everyone directly or indirectly in the family and circle of friends last week or over the weekend. Generally, 50-60 somethings with about half of us already retired and the rest not far from it. As a group, conservative ERA, 401k, mutual people (me being the only one that even has an açcount on the side to trade with) and one gold bug.

Everyone had learned the the lesson of 2000 and 2007. Half were already out of anything to do with stocks with the remainder set to be out at 10%. Not surprising that family has similar ideas but even personal friends with no connection to family were working on the same play sheet.

What I did find odd and interesting was that everyone said they would not get near stocks again for a minimum of 90 days and 6 months the more likely window. I wondered how widespread such views were?

What happens when you hold a market and no one comes? For 90 days? 6 months or a year? Maybe we are about to find out...