Volatility: What Is It Telling 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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