Story at Yahoo here. This stock market volatility indicator is at recent new lows last realized before the GFC of 2008. From the story:
Since July 2007 the VIX dropped below 15 only twice - in April 2011 and a few days ago (Tuesday's low was 13.99, the April low was 14.30).This low reading typically indicates a somewhat complacent posture by market participants.
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