Thursday, October 16, 2008

The VIX volatility index was over 81 this morning. There is no wonder why I have had a pit in my stomach for six weeks. The VIX typically trades around 20 or below. When it gets to near 30 stocks are getting wild and at the bottom of the market's drop in 2002 I think the VIX peaked in the low 40s. Trading at levels over 80 is almost too hard to fathom. Here is a one-year VIX chart:

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