well put and i have made similar statements in recent months. in fact, softechie have a bet from early feb that vix would hit 30 before 50 and i also added that 50 probably wouldnt be seen in all of 2003. Historical range is approx 20-35 which we are now only in the top of the range on our way to the bottom later this year. not because we are in a bull market rally, but rather the ups and downs taper off and markets become rather dull. steve
Opinion: Re: " So I suggest to you that what we are seeing right now is the vix/vxn approaching normal levels ..."
Don't think so...declining vxn in the face of declining prices is a toxic brew no matter what the market IMO even though the indicator is relatively new.
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