Fear gauge index fells to near 5-year low

The CBOE Market Volatility Index VIX fell sharply on Tuesday to near a
5-year low on intraday basis as the Dow Jones Industrial Average and
the S&P 500 both successfully breached key levels.

The so-called fear gauge at one point slipped to a low of 13.99. The
last time the index moved below 14 during trading was in June 2007
when the Dow was trading above 13,400 and the S&P 500 was above 1500.

The Dow then peaked a few months later to hit a record high close of
14,164.53 on Oct. 9, 2007 before beginning its multi-year decline. The
blue chip index is currently trading above 13,000 while the S&P 500 is
around 1380.0.