VIX Not Budging as Stocks Drop Anew in Week of S&P 500 Setbacks
- The fear gauge has been above 25 for 11 consecutive days
- Stocks lose 3 percent in five days as Fed weighs on sentiment
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Want evidence this selloff isn’t like the others? Consider that the VIX, the market’s fear indicator, has now spent 11 straight sessions above 25 -- a level that before August it had touched on just five days since 2011.
Or the Standard & Poor’s 500 Index, which through Friday has swung up or down an average of 2 percent a day for more than two weeks. Prior to Aug. 20, the 2015 average was around 0.6 percent. The Dow Jones Industrial Average has suffered declines of more than 270 points in five of the last 12 sessions, the biggest cluster of selloffs since the summer of 2011.