VIX hits 30. S&P 500 down 96 points

It's really ugly out there now

Fear is in the air now. This is getting close to a mini-crash.

The S&P 500 is into negative territory on the year.

This had been mostly a stock market event but now FX and bonds are getting involved.

And just like that the Dow is down 1000 points on the day.

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