Replies to post #111 on Paint the Table (PTT)

[ergo sum]

JXM

I don't have a handle on this really. I will check your links but here is the part I don't get:

So, low levels on the VIX generally indicate complacency in the market and complacency is generally found at the tops of the market. Conversely, high vix readings generally indicate fear which is usually associated with a bottom

Shouldn't there be complacency also at the bottom? A sign that everyone has just given up.

Thanks for taking the time.

Ergo Sum