YaKa
Short

SPX - Note how the VIX Vs Price has shifted

CBOE:VI2!   S&P 500 VIX
89 2 5
NOT GOOD

I think Equities has more to let go on the way down.. Sorry for repeating myself in different forms
I would have to agree, This paints a little better picture, VIX futures are in some crazy backwardation we have not seen in a very long time -
snapshot
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VIX closed at 23.57 today. Good call.
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