Fear (VIX) at all-time high!
Posted October 7, 2008on:
- In: Uncategorized
- Leave a Comment
Today, the VIX index reached all-time high of 56 and closed at 52. To give a measure of how fearful investors are, in 9/11/01 during the terrorist attach the index only reached a lowly 39.
In days like this, it helps to remember Warren Buffet’s mantra: “Be greedy when others are fearful!”