WSJ’s Larry Light asks Personal Finance columnist, Jason Zweig about the volatility in the market. As Zweig explains, record levels of fluctuations this year have shown more volatility than the previous 10 years combined.
We all agree that pessimism is a mark of superior intellect. —John Kenneth Galbraith
Initial Jobless Claims totaled 614k, 1k less than expected but the prior month was revised up by 3k to 630k. Continuing Claims fell by 53k from last week and was 38k less than expected. There has been a big discussion of late over the expiration of unemployment insurance and how the recent drop in Continuing Claims is due to people losing it rather than finding a new job. While there is no question benefits are expiring without one finding a job, as evidenced by the rising exhaustion rate, many losing those benefits now started getting them when initial claims were...
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November 9th, 2008 at 1:58 pm
It’s just nonsense what he tells about “Deutsche Börse”. We have extreme volatility here as well. The german vdax reached 85 last week. Volkswagen - chiefly due to a short squeeze - has a one-month-volatility of 450! “Volatility interruptions” may help against erroneous trades, but definitely not against overall market volatility.