What VIX Says About Market 'Gloom and Doom': Trading Execs

The CBOE Volatility Index (VIX), widely considered the measure for fear in the market, rose over 8 percent to near 22 on Thursday. Should investors be paying closer attention to the figures? Gordon Charlop, managing director of Rosenblatt Securities, and Alan Valdes, vice president of Kabrik Trading, shared their insights.

“What we’re seeing right now is a bit of a reversion,” Charlop told CNBC.

“We’re still stuck in a trend and a bit of retrenching here.”

Charlop said he doesn’t see “any significant sense of gloom and doom.”

“We also seem to be a little bit light on volume,” he noted. Read more