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To: Win-Lose-Draw who wrote (235447)4/14/2003 4:14:50 PM
From: CapitalistHogg™  Respond to of 436258
 
<five years ago this would have been considered a HIGH number, not a low number.>

You seem to have already stated my defense with your response.



To: Win-Lose-Draw who wrote (235447)4/14/2003 4:14:59 PM
From: Les H  Read Replies (1) | Respond to of 436258
 
The underlying volatility ranged from 5 to 15 then so one would expect the VIX pre-97 to be much lower. The underlying volatility today is 26. I think you have some time before the reversion to that mean, requiring trading most of the time in ranges similar to 91, 92, and 94.


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