The VIX Index Explained

The VIX index is the most commonly referenced volatility metric out there. Financial news outlets, blogs, twitter, it's talked about everywhere. But do people really know what it is? In this video I break down two things:

1) What the VIX index actually is

2) What those VIX index values actually mean

So feel free to ask me as many questions as you like, I'm always here to help.