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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