A VIX Message?

With VIX breaking above the 50 day and 200 day MA in such a short time-frame, there appears to be a message for investors.
Volatility has returned with avengeance.
The last time we saw such a large move in volatility that broke through both Moving Averages, was back in March of 2007 before the collapse of the S&P.
In my view, it is signal for caution to longer term investors as instability is back.