An index pundits love to call Wall Street’s “fear gauge” is flashing red. Should we panic?
At one point in Friday’s hectic trading, the Cboe Volatility Index, better known as the VIX, was higher than it had been at the close of any trading day since the Great Recession. It recovered slightly, but remained at a four-year high when markets closed.
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The fear must be over. The market is up by hundreds today.
If all we have to fear is fear itself, then, yes.
Newsflash : The worry began in 2016.