VIX (stock volatility index based on S&P options) had its largest ever one-day percentage increase today, closing above 37. Spikes over 30 happen from time to time when markets are very nervous. Why so much fear right now? I'm puzzled.
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the VIX had been on a century record low for the last couple of months. The S&P and the Dow Jones have been rising at such constant rates that hadnt been seen in several decades. A necessary "correction" was inevitable (correction here is a big understatement)
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Squeeze of VIX shorters seems likely
End of conversation
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