Spiked volatility

Just as the volatility through the volatility index VIX was finding its way down, it shot up high again yesterday when it increased by more than 15%.  that was amidst the better than expected results from Bank of America, Oracle’s surprising snatch of Sun Microsystems, and JP Morgan’s reports that banks face more losses in the consumer credit region.  Ah, not to forget the problematic conversion of the government’s preferred to common stock.

Source: Bloomberg

Source: Bloomberg

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