Wall Street had a rough week, and the damage came fast. Thursday’s sell-off erased $2.3 trillion in market value, pushed the Nasdaq into a correction and sent the VIX, the market’s fear gauge, up 70% to 28, Yahoo Finance reported on November 6. A chip-sector index that plunged 12% on Thursday bounced 4% the next day, and oil fell below $100 a barrel.
Politics added to the swings. The Dow roared back on Wednesday after the midterm results removed election uncertainty, and oil fell on hopes of...