Since March, the volatility has gotten CRUSHED and just because we are down below 20 in the VIX doesn't necessarily mean that the market will sell-off dramatically anytime soon.
Remember, we might just be heading for more "historical" parameters in the VIX and this is what is throwing-off "new kids on the block" who have been used to the Jan. 2000 - March 2003 End of Bubble volatility.
This is the $64,000 question:
Are we over the Storm, or is the Eye of the Hurricane simply passing by . . .