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Bears out a-haunting

The headlines can put up neon signs with trumpets trumpeting the overnight "jump" in the VIX index - the 'fear gauge' - to its highest reading this year but I'm not sure (nay, I'm certain) that a reading of 20.62 does not read fear.

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Read more: VIX indexS&P 500USAmericaAugust 2011IMFLehmanWashingtonBarry Ritholtzco-CIO Mohamed El-ArianEconomicsGDPHalloween anywaysInternational Monetary FundJulyMarchMr. El-ArianNovember 2008PIMCO CEORitholtz Wealth Management -- warningRitholtz Wealth Management - warningStandard & PoorU.S.Wall StreetWEOWhoopsWorld Economic OutlookYes Virginia