Is VIX At 40 Enough?

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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The highly watched CBOE Volatility Index, the VIX or the Fear Index, blew through 30 over recent days faster than one could imagine.  Historically 30 is the recent historic level where even the bears have decided to lighten up.  Sometimes it is for a bear market bounce and sometimes for more.  Yesterday it had reached a high of 36.40.  This morning the VIX crossed above 40 and briefly went north of 42.00.  Even after the current rally we have seen we are still slightly above 40.00 on the VIX.  A market being oversold is no refuge for long-term and near-term issues, but that doesn’t keep traders from trying to make a living.
40_vix_2

Jon C. Ogg
September 18, 2008

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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