Worse Than the Summer?

On a closing basis, the Dow 30 has now corrected more than it did during early August.  Since the index peaked at 14,164.53 on 10/9, it is down 8.31%.  The Dow was down 8.25% on a closing basis from 7/19 to 8/16.

The VIX volatility index also closed at its highest level (31.09) since March 19, 2003 and above its 52-week closing high of 30.83 reached on 8/16.