In 2008, it took 91 trading days for $SPX historical volatility to dip below 25. In 2020, it has taken just 45 days. With that, $VIX has also normalized 2X faster in 2020 vs 2008. Anyone who's benchmarking off of 2008 has been severely disappointed since April. https://t.co/UhX0rNiUPj