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Showing posts with label market volatility. Show all posts
Showing posts with label market volatility. Show all posts

Friday, August 12, 2011

Market Volatility

CNBC yesterday made a big deal out of four consecutive days of 400 points or more swings in the Dow Jones Industrial Average.  Here is a look at volatility in terms of percentages for the S&P 500:

Source: New York Times
CLICK GRAPHIC TO ENLARGE

As shown, there have been 3 instances of 4 consecutive days where the average moved by more than 4%.  A 4% move today is even more interesting when you consider that savings accounts offer less than 1%.

With the DJIA at 11,143, the math works out today to be a bit over 100 points for each percent. The 1987 20% drop is the infamous "'87 crash" that is constantly referenced.
Posted by Robert Wasilewski at 7:11 AM 2 comments
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