Volatility has become the market's perpetual topic du jour (does it make sense to use "perpetual" and "du jour" in the same sentence? Not sure on that). Suppressed vol has become ubiquitous. And the amusing thing about ubiquity is that it has a way of making everyone think they're entitled to have an opinion on whatever it is that's ubiquitous. That's certainly the case with volatility - these days, everyone who's bought themselves some VXX or XIV lately thinks they're Rocky Fishman. That'