Wall Street’s ‘fear gauge’ is soaring again, as investors spooked by Thursday’s market decline rushed to load up on options protection, but analysts said the intensity of the move in volatility does not necessarily point to a market crash. The Cboe Volatility Index, which for weeks had been easing toward its longer-term average price of 19.4, on Thursday jumped 7.03 points, its largest one-day rise since June 11, and ended the session at a nearly 10-week closing high of 33.60. Recently, the VIX and S&P 500 index broke their historical pattern of moving in opposite directions by moving …read more
Source:: Yahoo Finance
