The one thing that's not dropping today: Volatility

Markets continue to slide following yesterday's Fed comments. Japan's Nikkei closed down 230.64 points at 13,014.58, the FTSE is currently off more than 3.0 per cent and the Dow has fallen by over 1.5 per cent. Gold and other commodities have also been getting smashed.

The one thing that's up is volatility. The US VIX is up over 13 per cent today alone. It's a widely used measure that rises when investors get nervous about the future price of stocks. Conceived in the early 1990s, it tracks America’s S&P 500.