VIX Rises With VStoxx on Concern Europe Debt Crisis Will Spread - Bloomberg.com

VIX Rises With VStoxx on Concern Europe Debt Crisis Will Spread - Bloomberg.com: "The VIX, as the Chicago Board Options Exchange Volatility Index is known, gained 21 percent to 24.49 at 12:14 p.m. New York time. The index measures the cost of using options as insurance against declines in the Standard & Poor’s 500 Index, which lost 2.2 percent. Europe’s VStoxx Index, which gauges the cost of using options to protect against declines in the Euro Stoxx 50 Index, rose 15 percent to 33.15."