October 13th, 2014 Doug Short
The Eurozone started the week with a modest gain with the EURO STOXX rising up 0.23%. But the US indexes celebrated Columbus Day with a big selloff. The S&P 500 closed at -1.65%, just off its -1.68 intraday low as the 4PM bell started ringing. The VIX volatility index surged above the 20 level benchmark associated with increased volatility risk and closed at its highest number since early June of 2012.
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