Was Monday's Market Drop the Beginning of a Big Drop?
There was a fairly large market drop yesterday and that got a lot of people nervous.
Was is the beginning of a big drop?
As you know, the VIX (Volatility Index) measures options market expectations 30 days out and the VIX was NOT showing panic levels yesterday. It did rise yesterday, but not enough to be signaling a big problem yet. (Note: the VIX moves inversely to the stock market.)