Has the Stock Market Grown More Volatile?
6 Pages Posted: 19 Jul 2007
Date Written: October 1996
Abstract
The record number of fifty-point daily moves in the Dow Jones Industrial Average in 1996 - forty-five in the first three quarters alone - has attracted considerable media attention. An analysis traces this phenomenon to two basic causes: the record level of the Dow and the return of price volatility to post-World War II norms following several years of low volatility.
JEL Classification: G10, G14
Suggested Citation: Suggested Citation
Laster, David and Cole, Kevin, Has the Stock Market Grown More Volatile? (October 1996). Current Issues in Economics and Finance, Vol. 2, No. 11, October 1996, Available at SSRN: https://ssrn.com/abstract=1000451 or http://dx.doi.org/10.2139/ssrn.1000451
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