It actually hit zero not more than a day or two ago as we saw equity selling spike volatility index futures and a host of other fear gauges. (fmdcapital.com)
The so - called fear gauge tracks traders» expectations for future instability and moves opposite the S&P 500 most of the time. (businessinsider.com)
The VIX is also used as a general investor fear gauge, so the current higher levels indicate an increased consensus of investor anxiety. (moneysense.ca)