Originally Posted by WakingTheBull
Wild market ride is driving people out of stocks
Surge in volatility leaves investors wary; S&P 500 made 20 swings of 2 percent plus this year
BY: Matthew Craft
NEW YORK (AP) -- Just how turbulent is the stock market? More than half a trillion dollars in paper gains were made and lost within just two weeks in September. The S&P 500 jumped 5 percent in the week ending Sep. 16, the second best week this year. The next week it plunged 6 percent, the second worst week this year.
The wild swings have made many wary of putting money in the stock market. "It's like an elevator with only two buttons," said Jeffrey Sica, president of Sica Wealth Management. "If you see one button says `surge' and the other says `plunge,' you're not going to get on the elevator."
In market-speak, it's called volatility: Large jumps followed by deep dives, within the course of a week or sometimes the same day. The surge in volatility since early August