From Machete Investor:
The U.S. stock market is in an absolute free fall this afternoon — and the worst could still be yet to come.
In fact, the CBOE Volatility Index — the VIX for short — has doubled in August. (The VIX is the most widely closely followed measure of fear in the marketplace.
And, again…it has doubled so far this month.
To be more clear, the VIX is a measure of the expected volatility in stocks over the next 30 days.
No question, the quick tumble in the market today has helped the VIX climb higher…
But this is still a significant warning sign — and this is ahead of next month’s Federal Reserve meeting.