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VIX spikes 10% as Congress flounders

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Remember the VIX? Probably not. Wall Street's measure of volatility has been pretty forgettable in 2012.

Not on Friday. The CBOE Volatility Index (VIX) spiked by as much as 10%. The index itself was particularly volatile Friday, closing up just 1%.

Congress and its inability to come together over the fiscal cliff wasn't the sole trigger of the heightened volatility. Friday was also quadruple witching day -- one of four trading days MORE


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