The VIX was up a nice ammount today. But I am pretty sure that there is little chance we are going to have a serious issue. Why? Becuase of the VIX-VX spread. The VIX was up 2 points, the VIX future in June, was up only .50. It didnt even SNEEZE when the SPX sold off down near 30 points today. Topping off at up about .65 on the day.