Volatility? What Volatility

Nice spike in volatility.

Anything happen today that I missed?

Yahoo! says the Vix was only up 5.34 points. Oh wait, that’s a 30.57% rise today. Guess the market wasn’t liking that downgrade. But really, has the dowgrade for Greece already been baked into the market or was adding Portugal to the mix the part that really spooked the market. Guess we’ll find out…