Wild Dislocation Enabled Historic VIX Spike

Today's the one-week anniversary of the largest VIX spike on record. How are you celebrating? This time last week, traders and market participants were busy marveling at the biggest intraday jump on Wall Street's "fear gauge" in the (relatively short) history of the series. Not that anyone needs a visual reminder, but just in case: That's a 42-vol surge. It was, in a word, hilarious. But not everyone thought it was funny. Folks like Larry Summers suggested it needs to be investigated. By a