Bracing for more fiscal cliff volatility: VIX ralliesDecember 27, 2012: 11:55 AM ET
Who's worried about the fiscal cliff? Who isn't. One look at the market's fear gauge, the VIX, and it's pretty clear that investors are among those feeling some agita.
Over the past month, the VIX has surged nearly 30%, hitting its highest level in months. And with mere days left for President Obama and Congress to reach a deal on the fiscal cliff, it's no wonder investors are bracing for a roller coaster ride.
All of that fiscal cliff fodder has given StockTwits traders plenty to chew on.
That was a dicey time for investors.
Disappointing earnings, or shall I say guidance, were rolling in, Europe was heating up and U.S. economic reports were not painting a pretty picture so it's no wonder that volatility was on the rise.
This time around, it's solely the fiscal cliff that's driving that churning. And don't expect it to let up anytime soon...even if they strike a deal.
I don't think vcutrader is alone in his thinking.
Most investors are unwilling to do anything until there's more clarity out of Washington. And really, can you blame them? The beltway insiders don't have the best track record in avoiding kicking the can down the road.
Remember the debt ceiling? Yeah, we're back in that boat too.