Extremely quiet on the volatility front as the United States is in full on recovery mode… Contango continues
3:51 PM The VIX (VXX -6.7%) continues to slump, suggesting an ominous complacency in the face of struggling stocks. The VIX, however, measures the implied volatility of one-month S&P options, but tells nothing about forward volatility, which - as recently as late summer - was at a higher level than the day after Lehman went bankrupt.
for more charts that tell some of the story, go here: http://www.businessinsider.com/what-the-collapse-in-interest-means-2012-5?
(Source: Business Insider)