Markets are starting to calm down

Here's a chart of the ratio of the VIX (CBOE Volatility Index) and the 10 yr yield going back 15 years:

You can click on the chart to enlarge.

I've labeled the events that sent the ratio spiking and the chart of the S&P 500 above it to show the price action.  As you can see we are on the cusp of a support line and we've come a long way from the peak of the ratio.  I suspect we will break thru that line in the next week as financial markets regain some normalcy after the gut wrenching swings of 2011.