Wednesday, October 15, 2008
Stat of the Day II: Market Swings 2nd Highest in History
The guys of Bespoke came up with this interesting chart. The last 2 weeks have have had some of the most volatile intraday percentage swings on the DOW. In fact, only the wild drops in 1987 surpass the swings we saw on 10/9, 10/10 & 10/13. Todays move is close to making the list but might come up short. We're definitely in volatile times these days that favors traders over investors. The market looks like it wants to retest the lows or at least the close from Friday. My guess would be that alot of money is sitting around waiting for that confirmation. Should be an interesting next couple of trading sessions.