On LAST week, the Chicago Board Options Exchange Volatility Index .VIX, Wall Street's favorite yardstick of investor anxiety, rose 30 percent.
The measure of U.S. stock market volatility closed at 40.10 on Friday, down 12.43 percent, after rising as high as 48.20, the highest since March 10, 2009.
"Every bear market starts off as a correction so in this kind of environment, investors get anxious about whether this is just a correction or a start of the bear market. The unknown is what makes people uncomfortable, leading to bigger swings,
The index could swing between mid-30s and high 40s THIS week.
The VIX is a 30-day risk forecast of stock market volatility. The index typically has an inverse relationship with the S&P benchmark as it tracks option prices that investors are willing to pay as a protection on the underlying stocks.
Below is the VIX Chart on S & P 500
I am also attaching a chart BELOW to show the correlation betweemn the Gold and S & P 500,
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