![]() |
||||||||
|
« Respironcs' Earnings | Main | Corrected for Stuff, the Dow Sucks » October 26, 2006 The Plunging VIXFor the third time in little over a year, the CBOE Volatility Index (^VIX) or VIX is making a run at 10.
Last Friday, the VIX hit its lowest level of the year. On July 20, 2005 the index dipped below 10 during the day, but it hasn't closed below 10 in nearly 13 years. Generally speaking, the VIX and market move in opposite directions. Here's a scatterplot of their moves for the past year. The S&P 500 is the horizontal axis, and the VIX is the vertical.
Posted by edelfenbein at October 26, 2006 1:41 PM |
||