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.