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Investors Shaken as S&P 500 Reversals Ignite Volatility

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David Wolf, a fund manager at Fidelity Investments in Toronto, says equity spasms such as those that shook global stocks this week scare professionals as much as everyone else.

“My dad has been quite panicky,” Wolf said of his father, Bernard, a retired economics professor from Canada’s Schulich School of Business. “He knows what markets are all about and he knows what the economy is all about, and even he gets scared” when stocks rise and fall this fast.