$VIX Keeps Rising With Little Movement In S&P 500; Money Is Nervous About Fiscal Cliff
The $VIX rose 9.9% today to 19.48, but the S&P was only down 0.48% to 1,419.83. The VIX (volatility index) continues to move higher despite little movement in the S&P. Traders or portfolio managers are clearly just hedging the market here just in case there's no fiscal cliff deal by December 31, 2012. In the past month, the $VIX is up 22.36% and the S&P is up 1.49%. So get ready for a huge market move.