VIX Flirts With Pre-2008 Record Highs

[Joanne98]

Prior to 2008, the VIX had only managed to nudge its way over 45 on three instances:

The 1998 Long-Term Capital Management crisis
The Russian Financial Crisis that preceded the LTCM debacle
The height of the dotcom crash, when WorldCom filed for bankruptcy
The table below summarizes the top ten pre-2008 VIX closing highs. Should it hold, today’s VIX spike to 45.21 would put it at #3 all-time outside of the 2008 financial crisis. (Click to enlarge)

http://seekingalpha.com/article/206135-vix-flirts-with-pre-2008-record-highs?source=hp_wc

[On the Road]

1. If the VIX is at 45,

it's a pretty good indicator that a reversal is coming soon. Had not noticed that, and was not sure what to think of the market the last few weeks.