VIX suggests that the market crisis is over but that some people worry that it might come back

The CBOE Implied Market Volatility Index (VIX) continues to strongly suggest that the recent financial "crisis" really is over, but that quite a few people are still worried that it might come back.

The VIX "fear gauge" popped up to 26.57 on Tuesday but closed the week back down at 23.53, which is still somewhat elevated but certainly not to "crisis" proportions.

It may take a few more days or a week or two for VIX to retreat safely back under 20.

-- Jack Krupansky