In the last few weeks we have seen a number of swings of hundreds of points in the market indexes. How does the current/recent volatility rank in historical terms? Here are two perspectives.
Dr. Brett Steenbarger, measuring the dfferences among daily highs, lows and closes of the S&P 500 cash index, finds October 2008 to be the third most volatile month/pair of months since 1962. "As we can see, the current level of price volatility is not without precedent, but is at very significant levels..." Dr. Steenbarger, an author and psychologist who tracks market patterns and counsels traders, says on his blog.
Bill Rempel, a value investor and blogger, examines the number of 2-percent-move days in the S&P 500 and the Dow Jones Industrial Average. On the S&P measure, 2008 has the eighth-highest volatility since 1950. On the Dow measure, 2008 comes in at 30th highest since 1900 -- not as high as the others, but not insignificant, and bear in mind the Dow is a very differen...
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