Has the stock market grown more volatile?

Kevin Cole and David S. Laster

Current Issues in Economics and Finance, 1996, vol. 2, issue Oct

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.

Keywords: Stock market; Stock - Prices (search for similar items in EconPapers)
Date: 1996
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