### Comment:
The VIX is not a sentiment gauge, it just gets bill as one

### REPLY:
I don't think this is necessarily true but it is used inappropriately. Best way I can think of it is, if VIX is a function the 'derivative of VIX' would be the fear index. So if the VIX is moving up that is indicative of growing fear and if it is moving down, that indicates fear waning.  
  
  
 But I am probably just retarded.

### END.