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"the VIX is a leading indicator"
Not always. Just before the last year big fall S&P500 topped on 8/11/2008 and VIX bottomed on 8/22/2008. 9 days later.
Current situation is quite similar.


Go back to July 2007 an you will see how broken VIX 2.0 is, most of us have moved to 3.1...so it goes

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