The October Storm

The stock market is down again today, but it feels as if the worst of the hysteria came yesterday. That’s a very unscientific point, but look at the minute-by-minute rise of the VIX over the past two weeks. It’s been very dramatic and we’re still below yesterday’s peak.

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This may sound odd, but it’s not unusual for the market to meander lower after the peak in panic selling. Remember that the S&P 500 bottomed out in March 2009, a few months after the worst of the market’s turmoil.

Here’s a minute-by-minute look at the S&P 500:

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Posted by on October 16th, 2014 at 9:46 am


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