Panel discussion on the market, the current state of the economy, financial engineering and many interesting issues, including Larry Summers, Robert Merton and George Soros.
Archive for November 29th, 2008
This is from Bespoke:
Over the last 50 trading days, the average absolute daily percentage change of the S&P 500 has been…wait for it…3.82%! That means the S&P 500 is averaging a daily move of up or down nearly 4%. This is definitely one of the craziest statistics of the current bear market, and unfortunately, the majority of the daily moves have been down. In the history of the S&P 500, there has never been a more volatile period. Back in February of last year, the 50-day average absolute change was just 0.33%. When we ever do get back to daily moves of less than 1%, traders are going to be falling asleep at their desks after going through this turmoil.