SPX/VIX ration

Carl Swenlin på Decisionpoint har återigen skrivit en mycket läsvärd artikel denna gång ang SPX/VIX ration som stärkem in egen syn att dagens låga VIX värden i princip inte bevisar någonting när det gäller indexen

"An indicator that has recently become quite popular is the SPX/VIX Ratio. I have tried to convince two of its proponents that it is a calculation that makes no sense, but to no avail. Nevertheless, I will present my argument here for your assessment. "

http://www.decisionpoint.com/ChartSpotliteFiles/041015_VIX.html