how do you explain this?

SOURCE - BESPOKE Dow 10,000: Does Anybody Care? As the Dow trades below 10,000 and the S&P 500 makes new lows for the year, one of the most troubling aspects of the decline seems to be that many investors don’t seem to care. One would think that with the VIX trading above 50, and CNBC getting record ratings, that there would be a strong sense of panic among investors. Typically, this is reflected in increased bearish sentiment. However, according to two of the most widely followed sentiment polls, investors are less bearish today than they were during other declines earlier in the year.