T/A ETF AND INDEX

[POG]

Vix worst weekly drop in 40 years

"The S&P 500 and the Nasdaq also climbed. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, fell below 14. The index is on track for its worst weekly loss in at least 26 years, plummeting nearly 40 percent. "

So let me try to understand, what happened at new years eve was so bullish that investors thought that it is the best time to buy stocks in 40 years.