Sunday, January 4, 2009

The Year in Global Volatility (2008)

In November I launched the VIX and More Global Volatility Index, which is a weighted average of the implied volatility in options for equities in the 15 largest global economies. I will have more to say about the Global Volatility Index in 2009, but want to use this occasion to highlight the index as a means of tracking the rise of volatility in response to major volatility events during the course of the past year. In addition to the Global Volatility Index (shown in red), the chart below captures the Dow Jones World Stock Index (blue), as well as the signing of the TARP legislation (black) and the tickers (dark red) for some of the major financial companies that failed and/or were rescued by the U.S. government.

[source: VIX and More]

3 comments:

  1. Hi,
    I appreciate your analysis aout VIX and also latic Dry Index.
    the VIX index is going down meaning that the volatility is decreasing, isn't it a green light for makets to rally : the fact the VIX an DJstock are crossing makes me thing in comparaison with a traditionnal ADX where the DJStock is the green line showing than the markets are going up again...
    I also read your comment about the Baltic Dry Index which alert us on the false start of markets.
    Which chart must we trust at least ?
    Georges
    you can reach me at georges@free.fr

    ReplyDelete
  2. Aapill [url=http://hermeskelly.finniwolf.com][b]replica hermes birkin[/b][/url] hermes birkin bags http://hermeskelly.finniwolf.com Ngbxmr Dtcfwn hermes handbag

    ReplyDelete
  3. Probably the greatest material items you may give to you happen to be often a wristwatch. As being enjoy admirer personally, I am able to assure that: shoes are so that they can replica Louis Vuitton Handbags ladies since wrist watches will likely guys. Exclusively let the pup express. The person become the man you're seeing or life partner or children or mate, to be certain precisely precisely the same: men like timepieces. Selecting the right look for the dog requires taking into account numerous features. They is going to contain her life-style, your financial allowance as perfectly as "other purpose". Nearly all of timepieces may perhaps be elegant and sporty. If they're in loads of athletics, or simply replica Balenciaga Giant handbags a specialist replica Hublot watches sportsman, next, discount fake Omega watches UK purchase him a different athletics watch. replica MontBlanc watches Really does indeed they attend loads of formal interacting with? Then pick a costume find your ex girlfriend.

    ReplyDelete