Stocks' Recent Volatility Has Familiar Feel

Oct 30th, 2009 - Wall Street Journal

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A change of perspective can make a pullback feel like a bear market.

A series of triple-digit days for the Dow Jones Industrial Average, coupled with a spike in the CBOE Market Volatility Index, has many on Wall Street convinced that this is it -- the beginning of the long-awaited pullback that develops into a correction, and then into a new bear market.

But Todd Salamone, senior vice president of research at Schaeffer's Investment Research, said a little change of perspective suggests it's still premature to say the recent volatility seen in the market is the start of anything more ...

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