The past 50 trading days have provided a rare opportunity for market timers—for really, really good market timers, that is.
Because of trading swings unseen since the worst of the financial crisis, being able to pick tops and bottoms is a talent that could have generated a 90 percent gain in less than two months, according to calculations by Bespoke Investment Group.作者: not4weak 时间: 2011-10-10 17:29
During the 50-day period, the market has had an average daily move of 1.85 percent, a trend that, according to Bespoke, has been bettered just seven times since 1928. It’s well below the average move of 4.02 percent during the height of the financial crisis, but enough to frazzle plenty of nerves.
“The volatility [.VIX 33.02 -3.18 (-8.78%) ] that we have seen is not likely to just disappear, so investors should continue to expect big moves,” Bespoke said in an analysis. “The levels of volatility that we have seen are monumental in nature and in some respects rival the volatility seen back in 2008 and 2009.”作者: BigFool 时间: 2011-10-10 17:50
