It's a bad time to bet against volatility

Volatility is at historically low but those hoping for a quick rebound might want to stay patient.

Seasonally, March is the most-negative time for the VIX. It's down nearly 3% today and is inversely correlated with stock market gains (and yen weakness).

Over the past 11 years, volatility has risen just once in April. On average, the index has fallen 5% in the month.

That doesn't mean there won't be volatility within the month but in general, it's not the time of year where fear strikes.