The Investment Scientist

Fear (VIX) at all-time high!

Posted on: October 7, 2008

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!”

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Author

Michael Zhuang is principal of MZ Capital, a fee-only independent advisory firm based in Washington, DC.

Twitter: @mzhuang

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