Sorry, No More Fear For Us, We’re Canadian

Canada’s fear index blew up today on too much fear:

TMX Group, Canada’s main stock market operator, along with the Standard and Poor’s launched the S&P/TSX 60 VIX index last October, promising it would offer investors a “powerful” tool to gauge investor sentiment. But on a day when jitters were acute, the so-called fear index couldn’t be calculated because the necessary pricing information wasn’t available. In effect the market was to [sic.] volatile for the volatility index.

via Live Blog: The U.S. Ratings Downgrade, Reaction and More – MarketBeat – WSJ.

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