Is It Too Early to Call a Market Bottom?

The S&P 500 bounced off of lows around 3600 it was the very rapid 200 s&p point rally from an incredibly oversold market. While we are bouncing and while it certainly has room to go for another week a couple hundred more points uh I still think that it's too early to be already calling a market bottom now Nick. The VIX is surprisingly sticky up along the top yeah well right now as he speak the spot's around 29 or so and this denotes expected moves each day of about 1.8% Now looking at the longer-term chart if anyone pulls up a longer-termchart of the VIX of about 20 years or so what you'll notice is that