"On this chart each block represents a year and each column represents a range of return on the S&P index. Over on the right side are those lucky years where the index has soared upward from 50-60%. In the middle are the more typical years, where the market has risen less than 10%.

That little box on the far left? Yeah, that's this year."

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MONDAY, OCTOBER 27, 2008 BARRON'S COVER
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October 24, 2008, 5:00 pm VIX Tells Us … What, Exactly?

VOLATILITY INDEX AFFORDS LITTLE CLUE TO MONDAY’S ACTION
VIX closed at 77.29, leaving the market with a gnawing question to ponder over the weekend.
Will Monday, Oct. 27, the very date of Black Monday in 1987, see stocks repeat history and plummet, or was Friday’s resilience in the ( Read more... )