Hey Twix, u do know that the Vix ALWAYS crashes from said levels, Right??
Hence, its a sure bet because put option buying(the root source of increased velocity in the Vix) will subside as prices can not and WILL NOT continue Down in a straight line indefinitely, bounces will come and greed along with Zero_Hedging will return, Right??
BUT, just as things can go up longer than anyone could prognosticate, the same is true on the going Down thingy, it can last longer than anyone could, well, prognosticate, LOL...