The market's 'fear index' just exploded upwards as stocks around the world plummet

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The VIX reflects expectations for volatility in the S&P 500, and trades inversely to the benchmark roughly 80% of the time.

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The stock market’s low VIX ‘fear gauge’ is misleading youThe VIX has never deserved its reputation as a contrarian indicator, writes Mark Hulbert.
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Volatility Signal Flashes Red, Even as Stocks ReboundThe futures curve tracking Wall Street’s “fear gauge,” the VIX, remains inverted, with contracts expiring in the near term more expensive than ones dated further out in the future—an indication that some investors expect wild price swings to continue. And it's all gonna come crashing down. Re inflated bubbles from 08 being fueled by tech and debt. KABOOM..!!
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Italy's stocks are in bear market territory as the global market rout reignites budget crisis fearsWhile most stock markets are contending with fears of a global slowdown, Italian investors have also got to consider a cocktail of domestic risks, largely linked to the country's ongoing budget crisis, which has seen its government clash with the European Union over its spending plans.
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