via Nowandfutures.com - VIX Long Term
The long term chart for VIX is showing the same low as in 2007:

source: http://www.nowandfutures.com/forecast.html#vix_vxo
5iresearch is of a different opinion:
http://www.5iresearch.ca/blog/how-not-to-time-a-correction
-F6