Quote from optioncoach:
VIX has been way higher than this before, fear levels were high as of late but overall VIX is still pretty low historically.
my subjective sense relative to the participation of american retail investors, it seems vix would be on par with past extreme levels, even though the absolute number is lower then those extreme numbers in the past.
levels of speculation by the average retail investor, seems very low from a subjective sense by me.