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Tue Jun 14, 2011 4:37pm EDT



* Anxiety missing in VIX measure as stocks fall
* Steady nature of decline keeps worries in check
* March sell-off saw higher volatility
By Doris Frankel
CHICAGO, June 14 (Reuters) - The relentless decline in U.S.
stocks over the past six weeks lacks a key characteristic from
other recent sell-offs -- higher volatility.
Through Tuesday's close, the Standard & Poor's 500 Index
.SPX is down 5.6 percent from April 29.
The CBOE Volatility Index, Wall Street's favorite barometer
of investor anxiety known as the VIX .VIX, however, has been
in a narrow range, mostly below 19.
In the latest sell-off, the VIX only reached a high of 20.
It closed lower at 18.26, below its 200-day moving average of