It certainly did not feel like the Dow Jones Industrial Average ($INDU) was up 401 points (4.75%) for the week given the high level of volatility. As the weekly Dow chart below details, this was the first week in the last five that the Index ended in positive territory.
(click chart for larger image)
The VIX Index ($VIX) reached a surprisingly high level over 81 on Thursday and continues to trade at elevated heights.
(click chart for larger image)
A few prominent investors are using this opportunity to build equity positions. The following two articles contain some talking points from Warren Buffett.
- Buy American. I am. (NY Times)
- America For Sale: Price Reduced (Barron's)
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