June 27 (Bloomberg) -- The most-watched gauge of price swings in U.S. equities indicates stocks have further to fall after the Dow Jones Industrial Average declined to the lowest level since September 2006.
The Chicago Board Options Exchange Volatility Index, or VIX, rose 13 percent to 23.93 yesterday, leaving it 26 percent below the 2008 high. The Dow is poised for the worst June since the Great Depression after record oil prices and credit-market writedowns sent the average to its biggest drop in three weeks.
``It could get worse,'' said Richard Weiss, who helps oversee $60 billion as chief investment officer for City National Bank in Beverly Hills, California. ``When I walk down the street and everyone who knows me says `Oh my God, how are you guys doing?' that's when it's time to start scooping up everything with both hands. We're not quite there yet.''
The volatility index, which traders sometimes use to forecast price changes in the Standard & Poor's 500 Index, closed above 30 for the first time this year on Jan. 22 after stocks retreated to a 16-month low. The VIX reached a five-year high of 32.24 on March 17 when the S&P 500 traded at its lowest level of 2008, the day after the Federal Reserve led a bailout of Bear Stearns Cos.
more
www.malaymail.com/news/world/2026/01/11/bomb-attac…
BANGKOK, Jan 11 — A series of late-night bomb attacks targeted 11 PTT petrol stations in Thailand’s southern border provinces of Narathiwat, Pattani and Yala…
www.khaama.com/at-least-eight-refugees-die-37-resc…
At least eight refugees died and 37 were rescued when their boat sank off Badmeli near Izmir, Turkish authorities said on Saturday.
katu.com/news/local/oregon-confirms-first-measles-…
Health officials in Oregon have confirmed the state's first measles cases of 2026, with two people diagnosed in Linn County.
abc11.com/post/measles-north-carolina-state-report…
Measles in North Carolina: State reports 5th case linked to South Carolina surge
