Detailed text transcripts for TV channel - MSNBC - 20130119:02:02:00
People for whatever reason, the vix goes up. it registers fear. what causes the vix to spike typically is news about the economy. actual real-world events. this, for example, is what happened to the vix on october 24th, 2008, that big red arrow there. that's when the stock market crashed in '08, one of the worst days of the great recession, record high vix. another spike happened may 20th, 20 2010 when there was sudden new that is europe's economy was even in worse shape than we thought. it spiked at a two-year high august 8th, 2011, when the u.s. credit rating got downgraded. republicans in c...
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