I looked at the 5 year chart, in 2006-2007, VIX around ~10 for a long time.
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dara 发表于 2010-3-23 12:46
Indeed, Oct. Nov. 2006 VIX was as low as 7.5%, and till Feb 2007, it kept under 10% for 5 long months, when the SPY smoothly moved up from 117 (which is the current level) to 136 without any meaningful dip.
small pig head agreed that vix是测量votality的...
also a low VIX means the potential market rally is small...
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so we still have some upside room, but it will be slow and limited...