Fear.From Reuters
By Doris Frankel
CHICAGO, Oct 8 (Reuters) - Wall Street's favorite measure of investor fear, the Chicago Board Options Exchange Volatility Index .VIX, set record highs once again on Wednesday as traders clamored for insurance after a coordinated worldwide cut in interest rates failed to bolster confidence in the battered markets.
CHICAGO, Oct 8 (Reuters) - Wall Street's favorite measure of investor fear, the Chicago Board Options Exchange Volatility Index .VIX, set record highs once again on Wednesday as traders clamored for insurance after a coordinated worldwide cut in interest rates failed to bolster confidence in the battered markets.
Let's hope it's capitulation.
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