(Corrects VIX index peak in first paragraph. For more
Bloomberg View, click on VIEW <GO>.)
Feb. 7 (Bloomberg) -- The aftermath of the Lehman Brothers
Holdings Inc. bankruptcy in 2008 was a scary time: One measure
of stock-market volatility, known as the VIX or the “fear
index,” reached a peak daily closing price of more than 80,
compared with about 18 today. Scarier is the knowledge that
we’ll be there again sometime. That’s how markets go: Unexpected
chaos is the rule.
