In this widely cited and wildly popular proof of the Cauchy-Schwarz inequality, the authors write (http://www.math.lsa.umich.edu/~speyer/417/CauchySchwartz.pdf)
Let $u$ and $v$ be two vectors in $R^n$. The Cauchy-Schwartz inequality states that $$|u \cdot v| ≤ |u||v|$$
I go to another source (Proof that the Euclidean norm is indeed a norm), a comment states states:
Cauchy-Schwarz: $u \cdot v \le \lVert u\rVert \lVert v\rVert$
Yet another source (http://rgmia.org/papers/v12e/Cauchy-Schwarzinequality.pdf):
$$\alpha \cdot \beta = |\alpha| |\beta| \cos (\alpha, \beta)$$ we deduce that $$\alpha \cdot \beta \le |\alpha| |\beta|$$
Is Cauchy Schwarz inequality
Lastly, On Wikipedia:
$$|\langle x,y\rangle| \leq \|x\| \cdot \|y\|$$
I must say I am slightly disappointed in the notational inconsistency in the literature.
What is the rule/logic for applying the absolute value sign and the norm when it comes to the Cauchy-Schwarz inequality? What is the most correct way to express the CS inequality?
There are three separate issues:
Using $\|v\|$ or just $|v|$ to express the norm of a vector.
Using an absolute value on $\langle u, v \rangle$ or not.
Using $\langle u, v \rangle$ or $u \cdot{} \ v$.
The first is really a matter of style. What speaks in favor of $\| v\|$ is to highlight that it is the norm of a vector, what speaks in favor of $|v|$ is that that $|u\dot \ v| \le |u| \ |v|$ makes the formulation really slick, perhaps overly so.
Also the third is just a matter of style. Both mean the (or a) scalar product of $u$ and $v$.
For the second, for real vectors spaces in a strict sense it is weaker without the absolute value, yet the one with the absolute value can be derived easily from the one without (considering the inequality with $-u$ instead). Thus it is basically the same. For complex vectors though, it does not make sense to write an inequality without the absolute value.
In any case, the content is that the absolute value of the scalar product of two vectors $u$ and $v$ is bounded above by the product of the norms (induced by the scalar product) of the two vectors.