OOD DAY FOR: Deep breaths, after the VIX index, an index of investor fear, ended Monday at a record high of 52.02, after hitting 58.24 earlier in the trading session. The VIX never closed above 46 in the last bear market, which lasted until 2002. On Monday morning, “Mad Money” host Jim Cramer urged investors to take their money from the stock market before they lose more. (Los Angeles Times)
BAD DAY FOR: Richard Fuld, as the Lehman Brothers CEO’s testimony before Congress was accompanied by a CNBC report that somebody at the company gym attacked him last month. Citing “two very senior sources,” journalist Vicki Ward said that on Sept. 21, after Lehman had filed for bankruptcy, a man had put down his weights, approached Fuld on his treadmill, and knocked him out cold. (The Daily Telegraph)
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