VIX - The fear indicator

CBOE:VIX   Volatility S&P 500 Index
After the sad events that took place yesterday we saw a 30% rise in the VIX . For me this is confirmation of fear in the markets as smart money buy VIX options as a hedging strategy. I will most likely be staying out of the markets until things calm down but if something else significant does happen I will be looking at gold trades.
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