VIX Stretches, Yawns, Breaks 20 for First Time Since July

From Focus on Funds
December 27, 2012 - 3:26pm

The market’s “fear gauge” broke through the 20 level for the first time since midsummer. Yawn. As “worry” signals go, that level means “average.” Even this small victory for bears is wasting away Thursday afternoon. The ProShares Ultra VIX Short-Term Futures ETF (UVXY) and the VelocityShares Daily 2x VIX Short Term ETN (TVIX) were up by double digits earlier, [...]

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