Has the stock market grown more volatile?

Cole, Kevin; Laster, David S.

Journal Article

Has the stock market grown more volatile?

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;