That's actually the highest reading on the VWave since 7/13/2007.
Isn't that about the time things began to unravel?
From end of Jun, 07 to the market's bottom in Feb, 09, GIEW lost 55% of total value. Not every one of those months were down, but most were, and by substantially more $ than the few that were up.
It took 14 months from the Feb, 09 bottom to get back to the Jun, 07 value.
Current value (record high) around 25% higher than that Jun. 07 #.
It's been a long hard slog back.
Waiting for the other show to drop...
Fed meeting results come out this week.
I think that shoe is hanging onto Bernanke's big toe at this point.