CBOE Volatility Index (VIX) and stock market volatility

US stocks are very volatile today, March 12, 2020. The US stock market is tumbling as all major stock market indices, Dow, S&P 500 and Nasdaq composite fall more than 8%.

CBOE Volatility Index rises to the higest level year-to-date today, currently at 67.37+13.47 (+24.99%) as of 12:23 PM,Thursday, March 12, 2020,
Eastern Time (ET).

Source: Yahoo Finance

Stocks get another volatile trading session

Latest stock market data:

S&P 500: 2,516.93,-224.45(-8.19%)
Dow 30: 21,493.65,-2,059.57(-8.74%)
Nasdaq: 7,341.28,-610.77(-7.68%)
Russell 2000: 1,132.19,-132.10(-10.45%)

The extreme value for CBOE Volatility Index (VIX) needs a lot of caution, as stock market may react to this in the coming trading sessions. Fear is now a key driver, ignoring completely fundamentals, which have changed a lot due to the coronovirus crisis.