Fleeting fear on Wall Street

vix 2014 gallery

The stock market enjoyed a relatively smooth ride in 2014, though there were three bouts of turbulence that left investors with upset stomachs.

The VIX, known as the market's fear gauge, spiked early in the year due to emerging market turmoil. It also soared in the fall amid worries about global growth and then again in early December as oil prices plummeted and Russia imploded.

Otherwise, the VIX traded in the low to mid-teens, which is well below its historical average of about 20. CNNMoney's Fear & Greed Index is ending the year in "neutral."

More volatility could come in 2015, but investing pros surveyed by CNNMoney still expect the stock market to post modest gains in the year ahead.

First published December 31, 2014: 4:47 PM ET

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