VIX under 20 after more than a year

[Trade Prophet]

The VIX hasn't been in these levels since 2/2020, and still the markets are not that calm, the last month was volatile and directionless, usually low (lower than 20) values for VIX predict low vol. But it seems that this time is.. Well.. Different,
Any thoughts?

 

[Windlesham1]

I really do not want to see record highs as it makes no sense. But, modern monetary theory makes no sense either- borrowing from the future is the only game in town, and nobody is reining it in. Our grandchildren will be so thankful.

 

[guru]

But it seems that this time is.. Well.. Different,

What's different? VIX is under 20 most of the time across time, regardless of some limited market volatility. Have you looked at the VIX chart over 15 years? It spikes over 20 only temporarily during mild volatility, except for major market crashes and events that may keep it over 20 for a bit longer.

 

[ET180]

The VIX is never a reliable leading indicator of market risk. When it's the highest, that's historically been a good time to buy. When it's low, that doesn't mean that there's low risk.

 

[KCalhoun]

Looking at 6 month VIX chart it's been well over 22 quite a few times. Hence I bought UVXY end of day Friday. VIX sub 20 never lasts long recently.