After going absolutely bonkers back in August (rising from 10.88 to 53.29) and accomplishing one of the sharpest and fastest rises in its history, the VIX has reverted to form and is on the verge of declining for a record tying 10th consecutive trading session:
VIX (Daily)
Long streaks of consecutive daily VIX declines actually turns out to be a very bullish phenomenon medium-to-longer term:
(Source: @RyanDetrick)
Each one of these instances saw the S&P 500 rise over the ensuing months and in every instance the market was higher one year later (sometimes significantly higher i.e 1990/91, 2003/2004). Will it be different this time?