The Volatile Market
This the S&P 500 and Dow Jones Average for the last 5 trading days. Very volatile! Everyday it moves up or down by more than 2%. On Monday Oct 13, riding on the news of massive nationalization and market intervention, both indexes climbed more than 10%., the biggest one day gain in history. However, today, we suffered the biggest one day loss since 1929 Market Crush.
This is trade on fear!
George Liu
