Wall Street has had a rough day after the Chicago Board of Trade's Volatility Index (VIX) soared 12.5 percent to a measure of 31.49. Traditionally, a VIX measurement above 30 indicates an anticipated rise in the volatility of market prices. Of course, high volatility is usually viewed as a bearish sign and frequently leads to lower stock prices. However, for perspective it is useful to remember that the VIX topped out at just below 90 last November, so don't feel the need to liquidate your nest egg just yet.
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