No one is talking Black Monday

[Cutten]

Quote from m22au:

I know it's only one indicator, but the VIX is "only" at 51, and not above 80 (like November) or above 95 (like October).

In short, I think there is still quite a bit more selling (duration and/or magnitude) before a multi-week bottom is reached.

It's not so much the level, as the extent to which the VIX spikes that matters.

Not so long ago, VIX 25-30 was considered "high". Now it would be considered really low.