HINDSIGHT
A Huge Jump in the Jumpiness Index
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Who wasn't a little bit afraid last week? Monday's 778-point dive in the Dow industrials was enough to startle the sturdiest among us. To gauge just how jumpy we get, the Chicago Board Options Exchange created an index in 1993 that tracks stock market volatility as a measure of financial turmoil. The volatility index, or VIX -- or, as it's commonly known, the investor fear gauge -- has been flashing red. It leapt 26 percent Monday, the day the House rejected the bailout plan, and jumped 47 percent from Sept. 15 to Sept. 29.
