It has diminished further to Benelux proportions after the rouble's 10 percent crash this week, the steepest fall since the late 1990s. (gata.org)
For some historical perspective, let's look back to December 2006, when the VIX, which is sometimes referred to as the market's fear index, hit a cyclical low of 9.39, just as the housing market began to stumble and stock markets were beginning their final run - up ahead of the Great Recession and a subsequent 57 percent crash. (ritholtz.com)
A whopping 80 percent crash and burn.» (bluum.org)