Attached is a chart of the VIX from 1. No, I doubt some of the vaunted hedge fund PM's out there who are running levered long businesses were around way back then (I wasn’t!). Most recently however, 1998 and 2002 saw the 4 handle on the VIX. So, depending on what kind of experience you have at the wheel here with your money, there's a chance your guy/gal has seen this movie before.
- A. Barber has charted out the spread between the high and low levels for each period below the actual VIX to give a sense of intra-period change in volatility.
KM
