During this Financial chaos, its worth taking a few minutes to really understand the levels of madness that have been created. Investors have been heavily shorting the VIX ( volatility ) . Think about it, selling something conceptual that doesnt actually physically exist, that you do not already own, with leveraged money you do not have, borrowed from a broker, with money they also not not have. !. This is part of the distorted reality that exists these days.