The VIX (VXX +6.2%) posts its biggest jump in a month, but isn't anywhere near the sort of level...
The VIX (VXX +6.2%) posts its biggest jump in a month, but isn't anywhere near the sort of level associated with real fear in the market. The index currently resides around 23, but spent most of 2011's late summer and fall north of 30. We may need an S&P drop of 30-35 points in a day for the VIX to crack 30, says Michael Palmer.
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