NO Fear in Stocks = NO Bottom in Sight?

[shortie]

The market is around Jan and Mar bottoms, YET VIX is nowhere the levels we saw back then. I am forced to conclude that the bottom will be significantly lower.

 

[shortie]

VIX and SPY charts attached

 

[MrDODGE]

Quote from shortie:

significantly lower.

You have that right, next stop 10,747 on the Dow.

 

[marketsurfer]

great chart shortie, many thanks from surf shack.

surf

 

[paysense]

egg-zacktly








pS

 

[Cutten]

We should hit VIX 25 at least if the S&P gets to 1250. That may be enough for a quick pop. But overall I agree with you - very complacent during the recent selloff. Reminds me of 2000 and 2001 when people were relaxed at new lows, continually bottom-fishing.

 

[shortie]

Today SPY down, VIX down. Does not smell like a bottom. I expect the bottom to smell stinky with everyone crapping their pants.

 

[shortie]

a major bottom without VIX getting overbought? I don't think so.

 

[Aaron Copland]

Indexes making new lows, Vix no were near the previous lows. Looks like a divergence to me.

 

[Aaron Copland]

Vix no were near old highs.