New 23 year old bottom for VIX

US indices rose to new historical records and the volatility index fell to a new 23-year low.
The broadly-watched indicator reached the lowest value of 9.04 points, or a level not seen since December 1993.
The low VIX ratio is traditionally associated with bullish attitudes to the stock.
The average level of the index in the long run is about 20. Since the beginning of the year, however, the strong rise in US stocks and new records of indices sent the "fear" index to historical minimum.
On Monday, the index closed below 10 points for the eighth consecutive day, marking its longest-ever similar series.
Good economic performance, outstanding quarterly reports and the lack of more significant risk factors for the foreseeable future, are the main reasons for the low level of the indicator.
The sense of "security" is not limited to the stock markets alone. The one-month volatility of US government bonds is at 46.9963, or again the lowest in history.
Increasingly, investors are trying to take advantage of the low levels of the volatility index. There are massive purchases of call options on the VIX, or bets to increase the volatility of the index in the coming months.
The common theme for investors is to increase volatility after the summer.