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VIX explained

Dan Deming explains the "fear index"-VIX in a clear and simple way at CBS2 Chicago Studio: The VIX is a forward looking indicator of expected market movement or volatility. Dan explains that there are several variables that can effect market volatility. Dan also expects the VIX index to drop to high 20s or middle 20s if the critical level 1045 of S&P500 holds.

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