With the S&P 500 drifting closer and closer to 52-week lows, one would expect to see the VIX volatility index moving higher and higher. While it has risen over the last few weeks, the VIX is nowhere near the highs reached during the January and March market lows. The VIX typically pops when investors become fearful of their stock investments. Big spikes in the VIX tyipcally signal panic selling, and many investors wait for this panic selling to signal a short-term bottom in the markets. If the current levels of the VIX are any guide, we still have a lot of pain to go through before that bottom is reached.
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