Tuesday, August 31, 2010

Fear Index on Track for Biggest August Gain in Over a Decade

A widely quoted fear index is set for its largest percentage August rise in more than 10 years as equity markets slump on fears the economy is slipping back into recession.

The CBOE Market Volatility Index is up 15.8% for the month through Monday's close, according to FactSet Research, reports MarketWatch.

Another confirmation of low interest rates as a flight to safety.

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