Volatility Could Linger on Wall Street
Volatility furtively crept back to Wall Street Tuesday and by the time it jumped up and announced its presence, investors had lost $632 billion.
And it seems the nettlesome party crasher might be hanging on for some time, prolonging the unease of some investors.
If volatility outlasts the initial shock waves from Tuesday's sharp pullback, in which the Dow industrials gave up 416 points, its presence after a pronounced lull shouldn't come as a surprise, observers say.
"We are entering into a period where we're going to see some increased volatility," said James Thorne, chief markets strategist at MTB Investment Advisors in Baltimore.
"Two-to-three percent days, I'm not saying they're going to be norm but maybe we'll have two or three every quarter," he said, referring to swings in the major indexes.
And it seems the nettlesome party crasher might be hanging on for some time, prolonging the unease of some investors.
If volatility outlasts the initial shock waves from Tuesday's sharp pullback, in which the Dow industrials gave up 416 points, its presence after a pronounced lull shouldn't come as a surprise, observers say.
"We are entering into a period where we're going to see some increased volatility," said James Thorne, chief markets strategist at MTB Investment Advisors in Baltimore.
"Two-to-three percent days, I'm not saying they're going to be norm but maybe we'll have two or three every quarter," he said, referring to swings in the major indexes.
posted by Stock Administrator @ 2:47 PM
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