- US markets close bang on the lows
- DOW down 236
- S&P 500 down 2.2%
- Russell down 3.2%
- S&P Financials down 2.9%
- Homebuilders down 4.2%
- VIX up 6% to 34
- Brazil ETF down 4%
Happy Thanksgiving!!
- The VIX peaked in early August at 47.
- For three months the VIX has been range bound between 30-47.
- With yesterday’s announcements in from Europe, the volatility index is down 15% to 25.5.
- The market is back to the higher-end of what was “normal” all through September 2010 – July 2011.
