They are saying that the fear index is up in relation to the health level of banks. Consequently the market is back to disarray.
Strictly as a matter of opinion, I think investors wanted to sell today. It was profit motivation. There were other indicators out today that would make one conclude that the economy is stabilizing. Why didn't a higher rate of pending home sales and the first growth in manufacturing in 2 years send the market up?
Fear be damned, it was about making profits.
Reuters: Wall Street slides on anxiety over banks' health
Fears of a revival of balance-sheet troubles in the financial sector led to a sharp rise in the CBOE Volatility Index .VIX or VIX. Known as Wall Street's favorite barometer of investor fear...
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