Market Volatility Has Changed Immensely
Volatility is not what it used to be.
How Volatility Forces Changes to Investors' Strategies
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On Aug. 24, as global markets fell precipitously, one thing was shooting up.
The Chicago Board Options Exchange's Volatility Index, the VIX, briefly jumped to a level not seen since the depths of the financial crisis. Behind the scenes, however, its esoteric cousin, the VVIX, did one better.