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Q3 2011: Another Test for 2010 Target Date Funds
The third quarter of 2011 was impressively bad. The S&P 500 Index lost 13.9% for the quarter. The VIX, the standard measure of market volatility, repeatedly closed above 40 during this quarter. To put this in perspective, the average daily closing value of VIX from the start of 1990 through the e…
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