I just don't think all the bad stuff is been factored in yet. VIX is 22.8 today but looking back historically it is still below previous levels in times of crisis. It is hard to say the bottom is in. <a href="http://www.cboe.com/micro/vix/pricecharts.aspx" target="_blank">http://www.cboe.com/micro/vix/pricecharts.aspx</a>