Yesterday China announced measures to curb rampant speculation in the Chinese stockmarket, which promptly fell 10%, the largest fall in a decade.
Then the Dow fell over 500 points at one point (above), its heaviest fall since 2001.
A better measure of the panic on Wall Street is the volatility index, called the VIX. This is a good indicator of the amount of complacency in the market. The higher the value, the more nervous the market. Last night it went into orbit (below).
Wednesday, February 28, 2007
Posted by pommygranate at 5:44 PM