Volatility Index Falls Below 21 to New 13-Mo. Low
The CBOE Volatility Index (^VIX) fell to a fresh 13-month low today of 20.69, closing at the lowest level since August 28, 2008. From the high of 80.86 on November 20 of last year, the VIX has fallen by more than 60 points, and is back to the pre-financial crisis level. Just another indication that the worst is behind us.