VIX -- Volatility index

A few more days until Black Friday arrives; I already have my shopping list ready to take advantage of all the preemptive sales that are going on.

I wanted to discuss the infamous Volatility Index with the bright minds on this site. The VIX is now at 9.9 (obviously as a %) since its' contracts have began trading. Correct me if I'm wrong, but it is at an all time low for the life of the index. Now I don't want to draw a hasty or overly simplistic conclusion on forecasting a market correction; we have enjoyed solid gains throughout the markets.

Are we nearing a top and preparing for a significant correction?
-or-
Are we looking at adding significant gains to where we are today?

Food for thought, please share your insight on this one!

Consensus seems to be saying that vix is good for picking bottoms but not so good for tops. There seems to be some evidence for this not least what we've seen the last 2/3 yrs....

There also seems to be a view that the vix doesn't matter anymore - which sounds like it's different this time.......!!!

Top - who knows but the charts are SO bullish you would expect some kind of pause but the pullbacks are tiny. Significant gains difficult to say from here but as you know the trend is pretty hot so until we see a high and then a failure to take out that level we have to assume the party goes on.

Hook Shot said:

Consensus seems to be saying that vix is good for picking bottoms but not so good for tops. There seems to be some evidence for this not least what we've seen the last 2/3 yrs....

There also seems to be a view that the vix doesn't matter anymore - which sounds like it's different this time.......!!!

Top - who knows but the charts are SO bullish you would expect some kind of pause but the pullbacks are tiny. Significant gains difficult to say from here but as you know the trend is pretty hot so until we see a high and then a failure to take out that level we have to assume the party goes on.

Click to expand...

I have not come across anything about the VIX not being important anymore but more along the lines of its' signal strenght. Unfortunately, one sector can pick up the slack for another and vice versa. That's possibly where the problem arises.

We are bulls at heart, but I feel that marrying positions will now require a stronger stomach as the rally continues.

Thanks!

Massive reversal on the volatility indices Friday.... coming off historic lows........

At least short term this should give hungry bears some crumbs of comfort ......... perhaps

my short targets: land(UK) cdwc(us) mro(us)