Volatility: What Is It Telling Us?

Recent price action may signal that while stocks have not yet hit bottom, the worst of the bear market is behind us

As March comes to a close, we now see that it indeed came in like a lion and went out like a lamb. Month to date through Mar. 10, the Standard & Poor's 500-stock index declined 4.3% to 1273.37, bringing the total decline from the Oct. 9, 2007, peak at 1565.15 to 18.64%. Since Mar. 10, the "500" advanced 3.3% to 1315.20 through Mar. 28.

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