Th at is the reason for this unsayable fear of stock market volatility in the face of the B IG CRUNCH o f credit - in other words, of investors' belief and speculative faith when confronted by the extreme u ncertain ty o f the moment . I n M ay 2010, that fear lead to what traders themselves call ' the fear i ndex' , the M a rket Volatil i ty I ndex (M VI ) . Th is barometer o f a nt i cipated market volatility was co nceived as early as 1 9 9 3 , while t h e C RAS H of 1 9 O ctober 1 9 87 was still fresh in everyone's mind.
This is where the most crucial question comes in: has INSTANTAN EITY become, for the materialists of the Single M arket, what ETERN ITY o n ce was fo r the sp i ritual ists?
THE GREAT ACCELERATOR
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