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Technology Stocks : America On-Line: will it survive ...?
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To: jhg_in_kc who wrote (11230)9/9/1998 7:46:00 AM
From: Keith A Walker  Read Replies (1) of 13594
 
With the market talk here, I did a comparison of the Dow from 7/1/87 thru 1/31/88; and 7/1/1998 to present, looking at percent changes on a daily basis: 1987 was more volatile in percentage terms to date. (The other quircky fact here is that the calendar days match up. October 19, 1987 was a Monday and this year it also falls on a Monday)

There were more +-5% days in 1987 than we have experienced this year. If you use 1987 as a guide (history does tend to repeat itself) then the only conclusion you can come to is that we have a lot more volatility left in 1998. Maybe even swings of between 500-1200 points on the Dow will become common over the next several months. Things may begin to settle down by mid-year 1999.

In any event, for what its worth, people looking for volatility will have a field day. Daytraders and options players: This could quickly become the best market of the last decade.
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