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The S&P 500 dropped 11.5% the week before last week, the fastest correction in its history. The Dow Jones Industrial Average had two 1000-point drops in that week; the Dow also had four days with 1000-point intraday swings in the past two weeks, making it six out of ten trading days with 1000-point movement on the Dow. It was not surprising to see a sharp rise in the volatility index, VIX, at the same time - the VIX touched 54 on Friday, then closed above 40 for the week.