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Increasing Volatility in the Market Is Dangerous
So far in January, the NASDAQ market has shown rollercoaster performance.
A major move occurs, most agree, when the market closes up or down 2% or more from the previous day. The historical average (since 1972) has been only 2 days.
In 1999, that number of days, for the year, increased to 7. Moreover, in January, 2000 alone, that number of days was 10.
Investors should fasten their safety belt - or get out of the car!
Source: Wall Street Journal, January 31, 2000
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