Tuesday, May 24, 2011

'Fear Gauge' Jumps 4.8%


The stock market's volatility index rose to its highest level in two months on Monday as investor concern over the worsening European debt crisis carried over to U.S. markets and drove stocks down.

The Chicago Board Options Exchange Volatility Index, or VIX, jumped nearly 15% to 20.03 early Monday morning, rising above 20 for the first time since March 23. Higher VIX readings for a third-consecutive session suggest investors are increasingly wary ...
http://online.wsj.com/article/SB10001424052702304520804576341401021629380.html

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