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The VIX

Sure, the Dow and the S&P 500 are down, but one index is at an all-time high: the VIX, which measures investor fear.

Posted on October 9, 2008, at 4:21 p.m. ET

As a volatility index, the VIX tries to measure the market's expectation of change in the S&P 500 over the next month. With the market in weird, wild territory, the VIX has been going through the roof.

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