VIX Spikes Over 50 As S&P 500 Drops Below 800

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VIX Spikes Over 50 As S&P 500 Drops Below 800

By Bill Luby on February 17, 2009 | More Posts By Bill Luby | Author's Website

VIX (^VIX) at 50.04 with S&P 500 (^GSPC) at 798.

The VIX hasn’t been over 50 since January 23^rd.

It will be interesting to see what the SPX does for support today (Tuesday) now that the 800 level is taken out.

Internally, the financials are the main culprit, as technology and small cap stocks have already started to rally.

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