“Stocks Are Hammered.” Really?

I noticed this story from the AP which announces that “Stocks are hammered by weak earnings reports.”

Hammered?

The S&P 500 is currently down 1.31%. That’s the second-worst day in nearly four months. Last Friday was worse.

But how soon we forget. Today is on track to be the 10th worst day of the year. But today’s loss would only rank as the 36th worst of 2011.

That’s how much daily volatility has dried up since last year.

Posted by on October 23rd, 2012 at 3:42 pm


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