A few thoughts on the situation on the VIX.
From VIX And More:
Dissecting views on VIX technical analysis
VIX Numbers and Overbought Signals
Ten Things Everyone Should Know About the VIX
And from The Daily Options Report:
On VIX @ < 20
It certainly has gone a bit quiet and the market seems to be anticipating a repeat of last summer's relentless upward grind.
Sans the end of the world happening, I think that about sizes things up until next earnings season... unless of course the sky does fall down.