Investor Fear is Back
NEW YORK (CNNMoney.com) -- What a difference a month makes.
Roughly four weeks ago, the Dow was at an 18-month high, Wall Street's fear gauge, the VIX , was at a three-year low and the yield on the 10-year Treasury note was flirting with 4% as investors poured money into stocks.
Meanwhile, the euro was still falling apart on worries about Greece and the European debt crisis. Gold and other commodity prices were still rising. But investors weren't panicked. Strong corporate earnings and signs that the recovery was underway tempered worries about global markets, currencies and commodities.
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