Are investors worried about the U.S. economy? Not really it seems. Wall Street’s most widely-used gauge of investor confidence – the Chicago Board Options Exchange Volatility Index (VIX) is hinting that investors are less worried about the overall economy. The VIX is calculated from Standard & Poor’s 500 index option prices and is designed to track the market’s expectation of volatility over the next 30-day period. The index dipped below 30 yesterday – for the first time since September 19, 2008. During yesterday’s trading, the VIX touched a session low of 28.35, down 5.39% to 28.61 at the day’s end.
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