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The stock market's fear gauge is spiking — now near its highest level since financial crisis
A measure of fear in the US stock market spiked again Monday near levels last seen in 2008 after the Fed's emergency actions on Sunday failed to calm investor nerves amid the coronavirus pandemic. The Cboe Volatility Index, or VIX, surged to as high as 76 on Monday. That's short of the index high of nearly 90, set in October 2008. One week ago on Monday, the VIX surged to its highest level since December 2008, and it has remained elevated since. Wall Street's favorite fear gauge measures options to weigh traders' expectations for volatility in the coming 30-day period. It generally spikes during selling or buying ... (full story)