Someone commented on the previous blog entry saying (in jest) that we've hit the bottom and cited a WSJ blog talking about the VIX hitting the magic 30-level.
Please, right now, everybody stop listening to journalists' opinions. Read them for facts and news. Although this particular journalist was quoting what he thought was a technical metric it is very far from the truth.
Here is a monthly chart of the VIX. You tell me if the 30-level means squat.
As my Grandmother would say, it's "bupkis!"