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The fear gauge and strong earnings tell Jim Cramer bottom in the stock market may be real...

Thanks to a number of positive drivers, the end-of-October selling could be tapering out, he adds. The Cboe Volatility Index, also known as the stock market's fear gauge or the VIX, flashed a signal that could mean the market bottomed during Tuesday's turbulent trading session, CNBC's Jim Cramer said. The Cboe Volatility Index, also known as the stock market's fear gauge or the VIX, flashed a signal that could mean the market bottomed during Tuesday's turbulent trading session, CNBC's Jim Cramer said.

Last week, the "Mad Money" host called on technician Mark Sebastian, who specializes in volatility, to get a read on the VIX, which measures expectations of near-term volatility by tracking S&P 500 option prices.

Volatility refers to the amount of uncertainty in the market's prediction of changes in a stock or index's value, and when the VIX goes higher, it tends to mean that investors are getting more worried about the market and

making bets to protect themselves.

Sebastian said that stocks could see another bout of pain even after recovering from a widespread sell-off two weeks ago, adding that the VIX would likely p


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