Even as stocks finished near session lows and approaching the...

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    Even as stocks finished near session lows and approaching the lows set in August during the early stages of the credit crisis, you don't get the same sense of panic -- at least, not if it you use the VIX as any measure.

    As I've noted recently, even as volatility rises, the VIX has barely budged. Today was no different; the "fear" gauge inched up a scant 1.7% to 23.40. That's not the kind of action you'd expect on a day that the S&P 500 Index dropped 2.5% to its lowest close in nine months. Despite that, the VIX is some 30% below the peak level of 37 hit during the August low

    The Street
 
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