The Chicago Board Options Exchange Volatility Index (more popularly known as the VIX) added 9.7% to jump to 30.89 yesterday. This upward-movement of the Index, which is widely accepted as a ‘fear gauge’, suggests that there may be dark skies ahead for the U.S. stock market as investors have gotten more anxious.
In the same breath, the Dow Jones Industrial Average plunged yesterday, losing 187.13 points (2.13%). This move was a telling one, as the VIX has not closed above the 30 mark since June 4, 2009.
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