Some good signs with respect to easing liquidity problem

For sometime now, I have been following Ajay Shah’s crisis watch

Finally VIX is showing some signs of edging down. Additionally the TED spread also seems to be coming down. I hope this trend continues and eagerly wish VIX to come down below 40 level. These are very important in terms of understanding the trail path as well as future of the current financial turmoil. Ajay Shah gives good intro about the significance of these leading indicators of financial health of the economy (Another one here). The VIX chart for the good old days is explained here.