More on VIX

Friday, March 14th, 2008

In a post a couple days ago, I brought up the notion that the Chicago Board Options Exchange volatility index (VIX: chart) could be a good indicator of when the bottom of the stock market decline will be found.

VIX is the ticker symbol for the Chicago Board Options Exchange Volatility Index, a popular measure of the implied volatility of S&P 500 index options. Referred to by some as the fear index, it represents one measure of the market’s expectation of volatility over the next 30 day period.



The VIX is quoted in terms of percentage points …