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What the VIX Is Telling Us

With the VIX well below its long-term average of about 20, there has been chatter about the low level and volatility and what it means, “Mad Money” host Jim Cramer said Tuesday.

The CBOE Volatility Index , known as the fear index, measures the perceived level of near-term volatility and therefore uncertainty in the S&P 500.

So what is the VIX telling us? Cramer went “Off the Charts,” with the assistance of highly regarded Wall Street technician Mark Sebastian, to find out. Watch the video to see the full report.

A previous version of this story incorrectly stated that Scott Redler was the Wall Street technician who assisted Cramer.

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

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