VIX is perhaps the best gauge for extreme market conditions. The 2 standard deviations of VIX are over 40. These are rare occurrences for the VIX values. Statistically speaking, the VIX would calm ...

The VIX, or Volatility Index, was created by the Chicago Board Options Exchange (CBOE) in 1993. It's commonly nicknamed the 'Fear Index,' and for good reason. By measuring short-term S&P 500 options ...