«This is 1999 all over again, but this time, it's gotten worse,» he said, referring to the last technology bubble to burst. (bits.blogs.nytimes.com)
You can see we tested against periods during the Great Depression, the 1970s inflationary bear market, the 1982 bottom, and the middle of the 1990s technology bubble in 1995. (gestaltu.blogspot.ru)
As you can see in the chart above, the VIX index moved steadily higher as the market approached the peak of the late 1990s technology bubble, calmed down during the steady growth period of 2003 - 2007, then spiked during the 2008 credit crisis and in the latter half of 2011. (tradinginsights.schwab.acsitefactory.com)