The stock market's key volatility index, often called Wall Street's Fear Gauge, has slumped to its lowest levels in three years this week, as the S&P 500…
The current movement of the VIX index, which is often referred to as a fear gauge of stock markets, is hinting that markets haven t yet hit bottom. The VIX, standing for the Chicago Board Options Exchange s CBOE Volatility Index, has been popularly used to measure market sentiment on volatility, as it is derived from S&P 500 options for the 30 days following the measurement date, reflecting the market s expectation of 30-day forward-looking volatility.