The VIX is again spiking. Think of the VIX as a fear gauge. The VIX is essentially a measure of what options investors are willing to pay for protection. When fear is very high they are willing to pay more for protection and this results in a spike in the VIX. Don’t be surprised if we see a repeat of the January, March and July fear levels very soon. Thursday’s 300 point loss may have been that shot across the Dow’s bow….
![Cullen Roche](https://pragcap.com/wp-content/uploads/2022/01/Headshot2022-1-144x144.png)
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.