Analysis: Index indicates worst of recession is over

06/30/2009 | Reuters

Wall Street's so-called fear gauge dropped to its lowest level since September, when Lehman Brothers collapsed, amid increasing confidence that the worst of the economic downturn has passed. The CBOE Volatility Index .VIX tracks market expectations of volatility. "The path forward appears a less treacherous one according to what the VIX is telling us," said Andrew Wilkinson, senior market analyst at Interactive Brokers Group.

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