Tuesday
May042010
The Return of Volatility?
Tuesday, May 4, 2010 at 10:41AM The S&P 500 is currently trading down sharply on the day at -2% or so. If the index closes down more than 1% today, it will have been up more than 1%, down more than 1%, up more than 1%, and down more than 1% over the last four trading days. As shown below, this would be only the fourth such occurrence over the last 50 years.
Reader Comments (1)
Now how can you make that observation without telling us what happened on the fifth day the previous three times? I realize it is not a large enough sample size from which to draw conclusions, but you can't just leave us hanging!