Wednesday, March 02, 2005
Volatility Won't Go Away
The VIX index was whip-sawed again today, closing up 3.8%, but it spiked much higher intraday. Check out this five day chart. As I understand it, this index represents the extent to which traders are shorting the S&P 500 and it has been very tame since May 2003.
# posted by Ben Jones @ 3:49 PM 
