No Fear Here—Or Is The VIX Just Coiling For A Surge

Looking for signs of fear? Finding any?

VIX Volatility Index

click on chart for sharper image

Complacency (in purple) can last for long periods of time.
Fear (in blue) tends to spike and subside.

While the VIX is not at the historic lows seen in 2007, I rather doubt it gets there. If it does, new market highs are likely.

Compare fear (as measured by the VIX) with the chart of the S&P 500 below.

Buy the dip mentality is entrenched. There is no fear.

Should there be at these prices?

Mike “Mish” Shedlock