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Russell 3000 records its third-most volatile day in history: There’s something about October

Post by C.R. Roberts / The News Tribune on Oct. 28, 2008 at 3:18 pm with No Comments »
October 28, 2008 3:18 pm

A few notes on today’s market:

Up 889.35. That’s quite a day for the Dow, even in these volatile days of triple-digit swings.

One note on today’s activity – I’ve heard from Steve Claiborne at Russell Investments, and he tells me that as far as the Russell 3000 goes, this was the third-most volatile day on record for the broad-market index.

The most volatile came on October 19, 1987 – when the index slipped 18.03 percent. The next came on October 13, just two weeks ago – when the index gained 11.47 percent. And then comes today, with the 3000 up 10.24 percent.

Among the Top 10 most active trading days in the history of the 3000 – five have hit in the last 30 days.

Eight have come during the month of October.

Happily for those of us who prefer calm, November starts on Saturday.

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