Jun
30

Wall St’s Fear Gauge Suggests the Worst Is Over

By

– Reuters

Growing confidence that the U.S. economy is putting the worst recession in decades behind it has pushed the index known as Wall Street’s fear gauge to its lowest level since just before Lehman Brothers collapsed last September.

The CBOE Volatility Index .VIX, known as the VIX, provides investors with portfolio insurance against fluctuations in the S&P 500 index .SPX. It soared to historic highs in the weeks after Lehman’s rapid failure pushed financial markets to the brink and left an already crippled economy in tatters.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.reuters.com/article/ousiv/idUSTRE55S72V20090629
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