VIX Stress Thermometer Registering Little of Stock Market Chill
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While U.S. stocks keep falling, an index that’s supposed to track investor angst is behaving as if it’s just another day in the market. What’s going on?
The Chicago Board Options Exchange Volatility Index climbed to 16 as the S&P 500 lost 3 percent from a record high on March 2, the second-lowest VIX level for a stock decline of that size since March 2007. Compare that to the previous six years: on average when the stock gauge dipped that much, it pushed the VIX to 30.