Unprecedented Volalitity

The market volatility this month is unusual both in concentration and in magnitude. There are four large moves that are more than 7%, two upside and two downside. This kind of market behaviors happen only during the Great Depression era.



From the chart above, I wonder whether this kind of market volatility might stay with us for a relative long period of time. The chart below also shows the unprecedented volatility happenning now in the current market. Bands in the chart marks two standard deviations.