Someone commented on the previous blog entry saying (in jest) that we’ve hit the bottom and cited a WSJ blog talking about the VIX hitting the magic 30-level.br /br /Please, right now, everybody stop listening to journalists’ opinions. Read them for facts and news. Although this particular journalist was quoting what he thought was a technical metric it is very far from the truth.br /br /Here is a monthly chart of the VIX. You tell me if the 30-level means squat.br /br /a onblur=”try {parent.deselectBloggerImageGracefully();} catch(e) {}” href=”http://4.bp.blogspot.com/_0kPlZMvFr70/SHzArK65zMI/AAAAAAAAADk/rKyI2-0Oqtk/s1600-h/chart1July15.png”img style=”margin: 0px auto 10px; display: block; text-align: center; cursor: pointer;” src=”http://4.bp.blogspot.com/_0kPlZMvFr70/SHzArK65zMI/AAAAAAAAADk/rKyI2-0Oqtk/s320/chart1July15.png” alt=”” id=”BLOGGER_PHOTO_ID_5223261515741252802″ border=”0″ //aAs my Grandmother would say, it’s “bupkis!”