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Thursday, October 16, 2014

Uncle Dow Tumbled but Recovered Halfway at Close

The DJI had a hard tumble last night, with intraday loss of 460 points but managed to recovered most of its loss. It close with 173 points down.

The VIX or CBOE volatility Index, often viewed as a measure of market aniety, jumped 15% to 26.25, it crossed 30 intraday. It's very bearish if it crossed 30 marks for VIX.

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