WillErwin.com

November proved to be another month of painful decline and breathtaking volatility in financial markets. The S&P 500, for example, closed at a new bear market low of 752.44 during the third week, while the Chicago Board Option Exchange’s Volatility Index (VIX) rose above 80 for a second time. The S&P 500 ended month down 7.5%, its third consecutive monthly decline.

(more…)