Wednesday, December 03, 2008
Dennis Kneale (I know, I know) just gave out an interesting number.
Since 1950 there have been 68 days where the Dow Jones 30 was up or down 4%. 28 of the 68 have come in the last three months.
Now I'll say that doesn't seem quite right, more the 68 than the 28, but assuming my skepticism is unfounded are we having a volatility bubble? Does that question even make sense? Does a truck catching air in the African desert make any sense?
I might be a tad cloudy today, in bed at 3 am (landed at 2:05) up at 7 am to drive home.
Posted by Roger Nusbaum at 11:13 AM