Friday, July 20, 2007

Wall St fear gauge spikes upward on subprime woes

(Reuters) - The Chicago Board Options Exchange Volatility Index ,
shot up 11.3 percent on Friday, continuing an upward trend now
in its fourth month as investors fret over widening problems in
the U.S. credit and housing markets, and more recently,
earnings shortfalls.




The VIX, as it is commonly called, is Wall Street's
favorite measure of investor fear and measures projected stock
market volatility embedded in near-term Standard & Poor's 500
option prices.


Read more at Reuters.com Bonds News

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