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Randy Warren, chief investment officer at Warren Financial, who focuses on VIX options, also said that on a year-to-date basis the peak for 2008 didn’t start to play out until August, September, and October as Fannie Mae and Freddie Mac went into conservatorship, Lehman Brothers went bankrupt, AIG required help from the government and investors wrestled with the fallout of all that. The VIX finished the full year 2008 up 130%, according to FactSet data.
The VIX hit a historical peak at 80.86 on Nov. 20, 2008 and had not again approached such a lofty level until Monday.
The VIX hit a historical peak at 80.86 on Nov. 20, 2008 and had not again approached such a lofty level until Monday.