The Chicago Board Options Exchange Volatility Index, Wall Street's favorite measure of investor fear, jumped past a 50 reading early on Monday, an historic high, as U.S. stocks fell on heightened credit concerns.
The VIX [VIX 53.15 8.01 (+17.74%) ] soared above 12 percent to over 50, a new intraday high since CBOE remodeled the fear gauge in 2003 to provide a more precise reading on stock market conditions.
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